×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: EU | Germany | Economy

German Central Bank Expects Feeble Growth in Second Quarter

German Central Bank Expects Feeble Growth in Second Quarter

Monday, 20 May 2019 08:38 AM EDT

BERLIN (AP) — Germany's central bank says it expects the country's economy, Europe's biggest, to turn in a feeble performance in the current quarter after returning to growth in the winter.

Solid consumer spending and a construction boom helped the economy grow by 0.4% in the January-March period after contracting slightly in last year's third quarter and stagnating in the fourth quarter.

In its monthly report published Monday, the Bundesbank said the overall tendency remains weak. It said that "against this background, German economic output in the spring of 2019 will likely barely exceed the level it reached in the winter, which was supported by various special effects."

The German government's full-year growth forecast currently stands at 0.5%, compared with 1.8% late last year. It sees growth accelerating to 1.5% in 2020.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Germany's central bank says it expects the country's economy, Europe's biggest, to turn in a feeble performance in the current quarter after returning to growth in the winter.Solid consumer spending and a construction boom helped the economy grow by 0.4% in the...
EU,Germany,Economy
131
2019-38-20
Monday, 20 May 2019 08:38 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved