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Bundesbank says Germany’s GDP has lost some of its pace
Zone(s): Argentina, USA ¦ Sector(s): Finance, Economy
[17 June 2014, CITY A.M.] By Michael Bird: Growth in the German economy has slowed since a strong run in the first quarter of the year, according to the country’s central bank.
The Bundesbank’s latest update suggests GDP will rise at a less rapid pace in the second quarter after a 0.8 per cent boost in the first three months of the year. For this year and the two ahead, growth is expected to hover between 1.8 and two per cent. The institution also expects inflation to remain relatively low this year, at just 1.1 per cent.