Deutsche Bank: A recuperação econômica da Alemanha será mais lenta e mais fraca do que o esperado

Vincent Stamer, economist at Deutsche Bank, said that the Eurozone PMI survey data has hit hopes of a rapid recovery in the Eurozone economy. He said that although the composite index fell from 50.9 in June to 50.1 in July, it is still in the expansion range, but the continuous upward trend since last year has temporarily ended. Stamer said that the decline in Germany is particularly evident, indicating that the country has not yet adapted to high interest rates and global economic recovery. He said, ‘This does not mean that there will be no recovery at all, but the recovery will be later than expected and may be weaker than generally expected.’