Bundesbank announced stable growth of Germany's GDP

The Bundesbank said that the growth of Europe's largest economy remains stable, Reuters reports. The monthly report of the Central Bank says that, despite some weakening of the general momentum in the first quarter, further acceleration of GDP growth is likely in the future. At the same time, the Bundesbank drew attention to the risk of a global trade war and noted that “already high capacity utilization will grow slower in the future”. In the first quarter, Germany's GDP growth slowed in quarterly terms from 0.6% to 0.3%, but concerns about the German economy fell slightly due to positive data on industrial production and exports of the country. The German Central Bank also noted that consumer sentiment “remains high, and global economic growth should remain buoyant in the coming quarters”.

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