Fuest: Brexit Reaction May Come Later for Germany

The transcript discusses the impact of Brexit on the German economy, highlighting stable current conditions but weakened expectations, especially in exports. It explores potential European Central Bank stimulus and its effects on the euro exchange rate, which could benefit German exports. The conversation also touches on market reactions, household spending, and the risks of rising property prices. Finally, it examines the euro's valuation against the dollar, the German economy's reliance on exports, and the influence of domestic economic factors.

What is the current state of the euro exchange rate in relation to the German economy?

What are the implications of a low euro exchange rate for Germany's export surplus?