Germany’s Altmaier: Economic outlook remains subdued for the time being

The latest comments are out on the wires by Germany's Economy Minister Peter Altmaier, as he responds to the German economic contraction.

Key Quotes:

Trade conflicts, Brexit and geopolitical crises are dampening global trade and economy.

That's hitting German industry.

Domestic economy remains robust.

Rising incomes and fiscal impetus are providing support.

Outlook remains subdued for the time being.

Trade conflicts have escalated further and prospects for orderly Brexit have not improved.