Germany Gross Domestic Product (QoQ) (Q2) -0.2% Vs. 0.1% Est.; -0.3% Prior; Germany GDP (YoY) (Q2) -0.6% Vs. -0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's Q2 Gross Domestic Product (GDP) has decreased by 0.2% quarter-on-quarter, compared to the estimated 0.1%. The year-on-year GDP has also decreased by 0.6%, compared to the prior -0.2%.
July 28, 2023 | 8:01 am
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NEGATIVE IMPACT
Germany's lower than expected GDP growth could negatively impact the iShares MSCI Germany ETF (EWG).
EWG tracks the investment results of the MSCI Germany Index, which is composed of German equities. A decrease in Germany's GDP indicates a slowing economy, which could negatively impact the performance of the companies in the index, and therefore the ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK), which includes German equities, could be negatively impacted by Germany's lower than expected GDP growth.
VGK tracks the results of the FTSE Developed Europe All Cap Index, which includes German equities. A decrease in Germany's GDP could negatively impact the performance of the German companies in the index, and therefore the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70