German Economy Continues Upturn in Q2

An upturn in Europe’s biggest economy is continuing during the second quarter, helped by noticeable rises in private and state spending and by an expansion in industrial production, Germany’s economy ministry said in its monthly report on Tuesday.

“In the slightly revived global environment, German exports remain pointing upwards,” said the ministry, adding it also saw a continuation of the trend of a falling current account surplus, in evidence since mid-2016.

The German economy grew 0.6 percent quarter on quarter in the first three months of the year, driven by strong exports, booming construction and higher household and state spending.

Bloomberg

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell
Dean Popplewell

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