German Economy Showing More ‘Bright Spots,’ Bundesbank Says
- Private consumption is picking up, industry making progress
- Ifo institute raises growth forecasts with ‘new hope emerging’
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Germany’s economic recovery is progressing and output will grow again in the second quarter, according to the Bundesbank.
While it “continues to face headwinds, there are increasing bright spots,” the central bank said Thursday in its monthly bulletin. Real gross domestic product “is expected to rise again slightly” between April and June.