GERMAN ECONOMY

June 4, 2010 at 6:03 am | Posted in Economics, Financial, Germany, Research | Leave a comment

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DB Research

German economy (still) churning along

nicely

Fri 6/04/10

Dear reader,

We have just issued the following “Research Briefing” entitled “German economy (still) churning along nicely”.

Our key conclusions are:
– Despite adverse weather conditions Germany’s economy grew 0.2% again in Q1 compared with the previous quarter.
– Latest economic indicators point to strong acceleration of growth in Q2 (in excess of +1%).
– Consolidation of public finances almost world-wide will likely mean weaker growth momentum around year-end.
– Moreover, the latest crisis surrounding the euro may hurt confidence and thus dampens the private-sector recovery.
– In 2011, real GDP will probably grow by little more than 1%, following 2% this year.

Internet: http://www.dbresearch.com

If you have any further questions, please do not hesitate to contact us: marketing.dbr@db.com

Kind regards
Deutsche Bank Research

Deutsche Bank Aktiengesellschaft domiciled in Frankfurt am Main

DB Research – German economy (still) churning along nicely

http://www.dbresearch.com

Fri 6/04/10

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