It's Time to Worry About German Economy

On October 14, the German government lowered its GDP growth forecast for this year from 1.8 percent to 1.7 percent. Despite this, the economic minister, Sigmar Gabriel, expressed his expectation of higher economic growth next year.

A majority of financial market participants share Gabriel's trust in higher German growth next year, but the reality is that the headwinds for the country's economy are strengthening. This is critical for China because Germany is one of its top export destinations.

(Source: Deutsche Bundesbank)