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DY: German unemployment remains at all-time low
 
elections in Europe have all been blamed for the angst.

A political upset in neighbouring France and the Netherlands or a clampdown on trade by the US could inflict pain on Germany, whose exports outweighed imports last year by 253 billion euros ($267 billion).

But even if any of those risks hit exports, "obviously this will show up in labour market figures, but with a delay," Brzeski said.

"The impact of import tariffs from Mr Trump would only show up in labour market data in Germany towards the end of the year." DM
Source