Trade War: Risks for German Economy Remain High Despite Growth - Ministry

08:22 GMT, 14 August 2018

According to official data, Germany's economy grew by 0.5 percent compared to the previous three-month period, which was better than the forecasted 0.4 growth, driven by higher household and state spending.

Sputnik

The Economy Ministry said on Friday that despite the trade dispute with the US and its impact on growth outlook, the economy remained high.

"The German upswing remains robust despite trade-related uncertainties," the ministry said in its monthly report. "But above all risks from the external economic environment remain high. This can also be seen in the Ifo business sentiment survey," the ministry added.

According to the officials, in year-on-year terms, the German economy expanded by 2.3 percent in the second quarter.

Germany Interested in Turkish Economy Behaving Predictably - Merkel

13 August 2018, 14:35 GMT

The economic prospects looked uncertain, as earlier this month the EU activated its Blocking Statute in order to protect European businesses and exempt them from complying with the US sanctions against Iran.

Berlin has also had to deal with Washington's new trade policies that include high import tariffs on aluminum and steel, a new package of anti-Russian sanctions, and possible restrictions against German cars.