German EcoMin: Economy is still experiencing a period of weakness

The German Economy Ministry is out with its assessment of the economy after the fourth quarter 2019 GDP showed stagnation.

Key Quotes:

German economy is still experiencing a period of weakness.

Industrial sector remains weak.

But improved business sentiment suggests some stability in the coming months.

Impact of virus outbreak on China and trade partners cannot be estimated currently.

Risks from abroad have increased due to the coronavirus outbreak.