Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Egypt's SCZONE welcomes Zhejiang Province delegation for trade talks    Beltone Venture Capital partners with Citadel International to manage $30m startup fund    S. Africa to use contingency reserves to tackle debt    Gaza health authorities urge action for cancer, chronic disease patients    Transport Minister discusses progress on supplying new railway carriages with Hungarian company    Egypt's local gold prices see minor rise on April 18th    Expired US license impacts Venezuela crude exports    Taiwan's TSMC profit ups in Q1    Yen Rises, dollar retreats as G7 eyes currency calm    Egypt, Bahrain vow joint action to end Gaza crisis    Egypt looks forward to mobilising sustainable finance for Africa's public health: Finance Minister    Egypt's Ministry of Health initiates 90 free medical convoys    Egypt, Serbia leaders vow to bolster ties, discuss Mideast, Ukraine crises    Singapore leads $5b initiative for Asian climate projects    Karim Gabr inaugurates 7th International Conference of BUE's Faculty of Media    EU pledges €3.5b for oceans, environment    Egypt forms supreme committee to revive historic Ahl Al-Bayt Trail    Debt swaps could unlock $100b for climate action    Acts of goodness: Transforming companies, people, communities    Eid in Egypt: A Journey through Time and Tradition    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Tourism Minister inspects Grand Egyptian Museum, Giza Pyramids    Egypt's healthcare sector burgeoning with opportunities for investors – minister    Egypt starts construction of groundwater drinking water stations in South Sudan    Russians in Egypt vote in Presidential Election    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Egypt's powerhouse 'The Tank' Hamed Khallaf secures back-to-back gold at World Cup Weightlifting Championship"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    Egypt builds 8 groundwater stations in S. Sudan    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



German economy to rebound in Q2: Bundesbank
Published in Amwal Al Ghad on 18 - 06 - 2018

The German economy should rebound in the second quarter after a weak start to the year, the Bundesbank announced Monday, as a wave of flu dissipates and state spending rises.
German growth halved to 0.3 percent in January-March compared with the previous three months due to weaker trade and less state spending. In addition, the threat of escalation in a trade row with the United States has clouded the outlook.
"After subdued growth at the start of 2018, the German economy should expand at a stronger pace in the spring," the Bundesbank said in its monthly report.
It added that any rebound would not match the high growth levels seen last year, mainly because of weak activity in the industrial sector.
Industrial orders, output and exports fell in April, the third drop in the first four months of the year, signaling weakness that analysts mainly linked to long public holidays, cold weather and flu epidemics.
The Bundesbank said that in addition to higher state spending, a humming construction sector and strong private consumption should help the economy in the second quarter.
The German central bank slashed its growth forecast for this year on Friday and said trade and political concerns had made the outlook for the economy more uncertain.
Weaker demand from abroad and labor shortages at home had exposed weaknesses at the heart of the export-oriented and industry-heavy economy, it said.
The Bundesbank expected growth of 2.0 percent this year, well below the 2.5 percent it forecast in December.
While it raised its 2019 estimate to 1.9 percent from 1.7 percent, Bundesbank President Jens Weidmann injected caution in an otherwise positive economic outlook.
Source: Reuters


Clic here to read the story from its source.