German Economy Seen Returning to Pre-Pandemic Size This Quarter
- Bundesbank predicts momentum picked up pace in third quarter
- ING says impact of floods to German economy overall to be low
Shoppers on Schildergasse in Cologne, on Jun. 12.
Photographer: Sarah Pabst/BloombergThis article is for subscribers only.
The German economy is on the verge of recovering the ground lost during the pandemic with a pickup in growth this quarter, according to the Bundesbank.
While the institution’s monthly report makes no mention of the floods that have devastated western parts of the country, a separate report by ING Groep N.V. says the impact to the country’s economy as a whole from the disaster is likely to be limited.