The trajectory of Germany's major trading partners helped to explain the sources of export pain and, in turn, the weakness of the economy, according to Bloomberg Economics. Instead of China, the biggest blow of the German economy from foreign demand comes from Turkey, where production has faded. In the first half of 2019, soft global demand again affected Germany, but Bloomberg predicted stronger growth among major trading partners later this year.
Source: Bloomberg Finance L.P.
Chart: Used with permission from Bloomberg Finance L.P.
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