Data released Wednesday shows the continued decline in German Industrial Production, which sparked a big decline in the U.S. markets.
Things only got worse after ECB President Draghi's speech, in which he said that Germany has so far been largely insulated from some of the difficulties elsewhere in the euro area. But the latest data suggest that these developments are now starting to affect the German economy. This is also evident in the KfW-ifo-Mittelstandsbarometer.
The full speech is here.
Things only got worse after ECB President Draghi's speech, in which he said that Germany has so far been largely insulated from some of the difficulties elsewhere in the euro area. But the latest data suggest that these developments are now starting to affect the German economy. This is also evident in the KfW-ifo-Mittelstandsbarometer.
The full speech is here.
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