Germany Says Economy Stabilizes as US-Iran Deal Cuts Oil Prices
Updated
Updated · Bloomberg · Jul 14
Germany Says Economy Stabilizes as US-Iran Deal Cuts Oil Prices
2 articles · Updated · Bloomberg · Jul 14
Summary
Germany’s Economy Ministry said the economy is showing signs of stabilizing, pointing to a firmer backdrop for the recovery it expects in the second half.
A US-Iran agreement aimed at easing the conflict, followed by lower oil prices, helped lift both business and consumer sentiment in the ministry’s monthly report published Tuesday.
Renewed fighting in the Middle East still clouds the outlook and could derail that expected rebound, leaving Germany’s recovery vulnerable to another energy-price shock.