German economy hit by domestic political crisis
DAX has fallen 0.83% over the past five days
DAX has fallen 0.83% over the past five days
Dominik Schubert is joining the firm from Goldman Sachs Bank Europe
However there remains ‘pockets of optimism’
Report also highlighted concerns over US tariffs on the consumer discretionary sector
There are few signs of optimism across the continent, according to ING economists
Growth gap between European and US is narrowing
Part of plans to expand its European presence
Protectionism and interventionism, the climate transition, digitalisation and ageing all named as potential issues
GDP growth expected to rise from about 0.6% in 2024 to roughly 1.2% next year
However there is great variation across the region
Assets have doubled in the past 10 years
Country saw a better year than many of its European compatriots in terms of FDI projects between 2022 and 2023