In its monthly report published on Friday, the German Economy Ministry noted that the German economic rebound is on a solid footing, however, the momentum may fizzle out in the second half of the year.
“The upswing of the German economy is gaining in breadth. In addition to consumer spending and construction, exports and investment in equipment have picked up,”
“Indicators are pointing to a brisk continuation of the upturn in the second half of the year, although not quite with the momentum of the first half of the year,”
Germany’s GDP grew 0.7%on the quarter in the first three months of the year and 0.6% from April to June.
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