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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 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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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
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