Bundesbank Sees German Q3 GDP Expanding Slightly as Economy Returns to Recovery Path
Updated
Updated · Bloomberg · Aug 20
Bundesbank Sees German Q3 GDP Expanding Slightly as Economy Returns to Recovery Path
1 articles · Updated · Bloomberg · Aug 20
Summary
Germany’s economy is now “on path to recovery,” the Bundesbank said, adding that gross domestic product should expand slightly in the third quarter.
July-to-September growth will still be modest, with the central bank saying the economy is in better shape than previously thought rather than signaling a sharp rebound.
Record-low water levels on the Rhine are temporarily weighing significantly on activity, underscoring that the recovery remains vulnerable to logistical disruptions.
The assessment points to a fragile near-term upswing in Europe’s largest economy, with Q3 growth expected despite those transport-related headwinds.