Commenting on the recent poor Industrial data from Germany as reported in Sputnik News, Mihir Kapadia, CEO of Sun Global Investments said:
“Industrial output from Europe’s largest economy has been slowing down each consecutive month, since September 2018, with the drop accounting to 4.7% on an annualised basis. The shortfall in the output underscores the impact on the global economy – wounded and reserved under hostile trade rhetoric. The German economy is expected to be strained in the last quarter of 2018 as the weakness from Industrial output has also matched with a slump in German factory orders, down by 4.3% year-on-year in November.
This is in line with global trends, as global risk factors have led to a cautious undertone in the markets. Unless a more welcoming approach is led, especially from the US, the cracks will only widen further globally.”
His comment was featured in Sputnik News.