Davy Research

Market comment

Economy supportive as Merkel enters fourth term

DAVY VIEW

Angela Merkel is set to enter her fourth term as Chancellor, with the economy in its best shape since she assumed power in 2005. Yesterday’s (September 25th) Ifo survey, while edging slightly lower, added to evidence that the German economy continues to grow at a decent clip. Nonetheless, big foreign policy issues such as eurozone reform and Brexit could define her next term in office.

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