German Finance Ministry sees threats to economic growth on the rise

Germany's Finance Ministry has released their July monthly report, and the ministerial group has highlighted that growing threats from protectionism and Brexit are set to hamper growth looking forward.

Key highlights

The domestic German economy is in "robust" shape, growth is delivering "considerable drive" to the upside.

Q2 growth for Germany is expected to be "slightly stronger" that the preceding quarter.

Brexit poses a risk as uncertainty takes its toll on businesses.

"But risks remain... Protectionist tendencies have increased and the risk of a global trade conflict has risen".