Following one of the fastest growing quarters in twenty years, Germany’s central bank, the Bundesbank, increased its growth prediction for the second half of the year to 3 percent from 1.9 percent.
Ã¢â‚¬Å“The growth tempo will normalize after the extraordinarily dynamic second quarter,Ã¢â‚¬Â the Bundesbank said. Ã¢â‚¬Å“But all in all, the fundamental economic situation in Germany is very favorable at the moment.Ã¢â‚¬Â
The increase in economic activity can be traced almost entirely to growing global demand for goods produced in Germany.
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