German Finance Minister Christian Lindner stated on Thursday, “GDP statistics have proven rather poor signals.”
“Weak monetary dynamics are a project for politicians,” he added.
Also read: German ultimate Gross Domestic Product revised down to 0.3% contraction QoQ in Q1
Market reaction
The Euro is struggling close to month-to-month troughs following the discouraging German data. The EUR/USD pair is dropping 0.26% on the day to change at 1.0723, as of writing.
