German Finance Ministry: Economy “very strong” in Q1
03:39 AM ET · EWG
Recent data suggests that Germany’s economy enjoyed a “very strong” Q1, the Finance Ministry says, with an unusually mild winter helping to drive industrial expansion and construction activity.
As a result, the economy is likely to moderate in Q2, the ministry says, although “this technical effect should not be interpreted as a sign that the economic pace is slowing.”
The ministry expects that GDP will grow 1.8% this year and that the upturn will become increasingly broad-based.
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April 22nd, 2014 at 6:50 am
German Finance Ministry: Economy “very strong” in Q1
03:39 AM ET · EWG