empty
 
 

2019.05.2007:57:00UTC+00Germany's Economy Likely To Lose Momentum: Bundesbank

Germany's economy is likely to lose momentum in the second quarter, according to the monthly report, published by Bundesbank on Monday.

Gross domestic product expanded 0.4 percent in the first quarter after staying flat in the fourth quarter. Bundesbank said the first quarter growth was largely driven by one-off factors.

The central bank observed that the economic outlook will hardly exceed the levels of winter in the second quarter, which was favored by special effects. The special effects will expire or even reverse, the bank cautioned.

Bundesbank said the downturn in industry will continue and they may even intensify.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback