German economy ministry says current indicators point to weak Q3

<ul><li>Early indicators point to subdued developments of private consumption in coming months</li><li>Noticeable economic recovery only to be seen at the turn of the year at earliest</li></ul><p>They're still not quite acknowledging the situation fully, by putting off from saying the R-word. But typically when domestic authorities finally get to that, we're already staring at the face of a recession anyway.</p>

This article was written by Justin Low at www.forexlive.com.