The German economy is showing more robust growth as the second quarter of 2018 comes to an end, following a slow start to the year, the country central bank said Monday in Frankfurt.
"After restrained growth at the beginning of the year in 2018, the German economy could expand considerably again in the spring," the Bundesbank said in its report for the month of June.
Factors that held back growth in the first quarter, including a wave of flu, had run their course, while the industrial sector was growing strongly, the bank said, predicting that the economy as a whole would tend towards the high growth rates of recent years.
The Bundesbank's latest predictions put German gross domestic product (GDP) growth this year at 2.0 per cent, well down from the December forecast of 2.5 per cent.
The bank's economists pointed to negative effects from the trade conflict between the United States and the European Union as a significant factor.
The bank is predicting German GDP growth of 1.9 per cent in 2019 and 1.6 per cent in 2020.
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