Bundesbank Monthly Report: German GDP is likely to increase modestly in Q2 from current standpoint
SourceNewsquawk
SectionEconomic Commentary
- Relaxation of COVID restrictions should strongly boost service providers and consumer spending
- Headwinds arising from high inflation, supply shortage, high uncertainty, and weaker external demand.
- Peak of supply china problems will be reached in Q2, but still noticeable production losses even in 2024 amid bottlenecks.