Daily Memo: Slow Trade Growth in Germany, Fallout From the Hong Kong Bill
Europe’s economic engine is recovering modestly.
Slow recovery in German trade. Germany’s Federal Statistical Office released new trade figures on Thursday showing initial signs of recovery. Exports increased by 9 percent in May over the previous month (calendar and seasonally adjusted) as lockdown measures were eased. Imports also increased, by 3.5 percent over April (calendar and seasonally adjusted). On an annual […]