Global trade disputes and auto industry problems helped cut the German economy by 0.1% in Q2 2019, compared to a 0.4% growth in the same quarter of 2018, according to state statistics agency Destatis. Tighter emissions rules in Europe and China are forcing car manufacturers to invest more in technologies which have uncertain futures. Meanwhile, Brzeski uncertainty and the possibility of further US tariffs are also hitting auto industry confidence.
Global trade disputes and auto industry problems helped cut the German economy by 0.1% in Q2 2019, compared to a 0.4% growth in the same quarter of 2018, according to state statistics agency Destatis. Tighter emissions rules in Europe and China are forcing car manufacturers to invest more in technologies which have uncertain futures. Meanwhile, Brexit uncertainty and the possibility of further US tariffs are also hitting auto industry confidence.