German Economy Had Decent Start to Second Quarter, but Growth pace to Slow, Ministry Says

The German economy had a decent start to the second quarter but its growth pace is likely to slow during the course of the April-June period, the economy ministry said on Friday.

“The German economy had a reasonable start to the second quarter of 2016,” the ministry said in its monthly report, adding that private consumption remains the most important growth driver for Europe’s largest economy.

The ministry said the economy was on a solid growth path, but the external environment remained tough and was only gradually improving.

Reuters

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.