At 08:00 (GMT+2), preliminary data on German Q2 2019 GDP will be released. It is the main indicator reflecting the state of the national economy, which takes into account domestic consumption, investment, government spending, and exports. The German economy is projected to be in recession. It will decrease by 0.1% QoQ and by 0.3% YoY. The implementation of the forecast may put pressure on the European currency.