Germany’s Q2 GDP was revised up to 0.0% from -0.1%, marking the end of a two-quarter recession, but economists from the ifo Institute see another contraction as a near-certainty.
Germany’s Q2 GDP 0.0% qtr/qtr, as expected (last -0.1%); -0.2% yr/yr, as expected (last -0.2%).
August ifo Business Climate Index 85.7 (expected 86.7; last 87.4).
August Current Assessment 89.0 (expected 90.0; last 91.4) and Business Expectations 82.6 (expected 83.8; last 83.6)
European Central Bank policymaker Nagel pushed back against reports that the ECB is considering a pause at the September meeting while policymaker Centeno called for caution at the next meeting.
ECB President Lagarde will speak at the Jackson Hole Symposium at 15:00 ET.