U.S. trade policies, Italy’s government cloud outlook for German economy: ministry

BERLIN (Reuters) – Germany’s economic upswing is losing some momentum additionally, the outlook for growth is clouded by a trade dispute while using the Country along with risks associated with Italy’s new coalition government, the economy ministry said on Wednesday.

The ministry applied its monthly report that private consumption and exports – two main growth drivers for Europe’s largest economy – remained bullish.

“The foreign and trade policies of the us plus the formation associated with a government in Italy have gone up uncertainty and risks for growth,” it said. “This is expressing itself inside real economy through a wait-and-see approach, especially when you are considering investments.”