- The Germany economy is enduring a moment of flux as it tries to shake off the coronavirus crisis.
- In the United States, investors will be watching April data on personal spending.
- Chinas central bank said Sunday it will maintain the exchange rate of the yuan at “basically stable” levels.
The Germany economy is enduring a moment of flux as it tries to shake off the coronavirus crisis, just as the era of Chancellor Angela Merkel draws to a close.
In just four months on Wednesday, voters will choose a new government in an election that augurs a turning point as she leaves a political void after 13 years in office – accompanied by a sense of unfinished business in retooling the continent’s growth engine.
The task that will now pass to Merkel’s successor, who must confront the challenge of how to re-engineer Europe’s biggest economy and reap the opportunities of the post-crisis world, without losing its edge.