New Bundesbank projection: Strong German economic upswing continues

Germany’s economy is experiencing a strong upswing. Driven by lively foreign demand, the manufacturing sector is seeing dynamic growth, while the sharp upturn in business investment is continuing. In addition, private consumption and housing investment continue to benefit from the outstanding labour market situation. « We will see a persistently high underlying pace of economic growth not only in the final quarter of 2017 and the first quarter of 2018, but also over the remainder of 2018, during which time the German economy will grow robustly, » said the Bundesbank’s President Jens Weidmann.