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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.

Shoppers  on Schildergasse in Cologne, on Jun. 12.

Photographer: Sarah Pabst/Bloomberg

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.