Bundesbank Sees Germany Growing Slightly in Q2 as Q3 Expansion Weakens
Updated
Updated · Bloomberg · Jul 28
Bundesbank Sees Germany Growing Slightly in Q2 as Q3 Expansion Weakens
2 articles · Updated · Bloomberg · Jul 28
Summary
Germany’s output likely increased slightly in April through June, the Bundesbank said, marking an improvement from its earlier forecast that the economy would stagnate in the second quarter.
The central bank said that modest expansion should continue into the third quarter, even as the Iran war clouds the outlook for Europe’s largest economy.
Growth from July through September is still expected to be weaker than in Q2, suggesting the rebound remains fragile despite the upgraded near-term assessment.