The government of Germany said that Donald Trump's victory in the US presidential election is not expected to have a negative impact on Germany’s economic growth.
Britain's unexpected vote to leave the European Union and presidential election in the United States create uncertainty on the markets. "However, no negative impact is expected in the short term," the Economy Ministry said.
German exports still play an important role on the world’s market, although the global economy experiences hard times. In the meanwhile, the situation is improving. Global industrial output has grown during the summer months, particularly, in developed nations, the ministry said in its report.
The Federal Statistics Office will publish its preliminary third-quarter GDP data on November 15. Economists expect a quarterly growth rate of 0.3% following a 0.4% increase in the previous quarter. The Economy Ministry expects overall economic upturn in Germany in the third quarter.
