Germany's Bundesbank sees faster growth barring virus comeback
Reuters
Published Jul 19, 2021 06:15AM ET
Updated Jul 19, 2021 07:05AM ET
FRANKFURT (Reuters) - Economic growth in Germany could accelerate further this summer if there are no "significant setbacks" in the fight against the coronavirus pandemic and if supply bottlenecks ease, the country's central bank said on Monday.
"As long as the there no significant setbacks with regard to the pandemic and supply bottlenecks ease at least gradually, the pace of the expansion of the overall economy could come in even stronger in the summer quarter," the Bundesbank said in its monthly report.
It repeated its prediction that Europe's largest economy would then reach its pre-pandemic size by the end of this quarter.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.