Deutsche Bank analyst: Germany's economic expectations for August cooled more than expected.

date
13/08/2025
In a report, Deutsche Bank analyst Mark Schattenberg stated that the German economic outlook for August has cooled more than expected. He mentioned that although the trade agreement between the EU and the US has reduced some uncertainty, it also means that the European Central Bank may temporarily refrain from further interest rate cuts. Economic data shows that the economic output shrank in the second quarter, which has also hurt analysts' expectations for the German economy. However, he also mentioned that the German economy is likely to warm up again in the second half of the year, especially with the government's investment plans driving it.