Germany: Growth recovery stays moderate – Commerzbank
Commerzbank’s Dr. Ralph Solveen and colleagues say German GDP has surprised on the upside, expanding around 0.35% per quarter over the last three quarters, driven mainly by stronger exports to EU partners.
German GDP growth has outperformed expectations, expanding at an average of 0.35% per quarter over the past three quarters, according to Commerzbank economists Dr. Ralph Solveen and his team. The primary catalyst for this relatively strong recovery has been heightened demand from European Union trading partners. While business sentiment has become more optimistic, private investment remains subdued and structural challenges persist, suggesting German growth will likely stay modest.
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