Rolling coverage of the latest economic and financial news, including German growth figuresLatest: German finance minister says there´s no crisisBreaking: Germany grew by 0.1% in the last quarterConsumer spending, government and exports lifted growthBut Q2 GDP revised down to -0.2%Weak Chinese data shows slowdown continues 3.37pm GMT Time for a very quick recap 3.20pm GMT The escalating crisis in Hong Kong continues to weigh on markets today, after a fourth day of serious protests in the city. Airline Cathay Pacific and fashion chain Burberry both reported that their trading has been disrupted by the pro-democracy demonstrations. This is likely to continue, as clashes between protesters and riot police intensify.Burberry and Cathay Pacific profits dented by Hong Kong protests https://t.co/nTTeCWH2xp 3.04pm GMT Looks like Christine Lagarde has been trying to smooth rifts in at the European Central Bank.The new ECB president has taken her colleagues for an away day to discuss how to improve things, following the disputes over predecessor Mario Draghi´s stimulus moves.I was pleased to invite my new Governing Council colleagues to join me at an off-site retreat yesterday. We discussed in an open and informal setting the running of the Governing Council. pic.twitter.com/ifMxiNh7uh 2.44pm GMT Stocks have dipped very slightly at the start of trading in New York.The Dow, which hit yet another record high last night, dropped by about 0.1%.STOCKS AT THE OPEN:- Dow down 25.32 points - Nasdaq down 23.58 - S&P down 4.35 pic.twitter.com/JufaJRfpJM 2.21pm GMT If Berlin won´t boost government spending, then Germany´s recovery could depend on a pick-up in global growth.And *that* could rely on the US and China, who are still to resolve their trade dispute.`Since the global economy is currently in a manufacturing recession, and Germany is a manufacturing powerhouse, it is no surprise that the German economy is bearing the brunt of the slowdown. Domestic demand isn´t enough to ...
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