German economy signs of stability

Germany's economic and technology Ministry reported 17th on the July German economic situation report that the overall economy has seen more and more signs of stability. The German Ministry of Economics notes that there are many indications that the German economy has stabilized in the second quarter, particularly the sharp increase in manufacturing orders and a sharp rebound in industrial output. In addition, the Government's economic stimulus measures to stimulate the economy has gradually emerged, private consumption because of price and the relative stability of the labor market also support the economy.　　The ministry also said there were signs of stability in the world economy. The German Ministry of Economy stressed that, despite the improvement of the status quo, uncertainty remains high, the sustainability of economic stability remains to be seen, and the key factor is the further stabilization and improvement of international financial markets. The Ministry of Economics believes that for the German economy, a worsening of the labour market in the coming months could weigh on the economy as a whole. (Lu Qunwun)