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German economy to grow at accelerated pace in second-quarter: EconMin

Reuters  |  BERLIN 

BERLIN (Reuters) - The German economy will continue to enjoy solid growth in the second quarter, driven by soaring private consumption and higher construction activity while net foreign trade is unlikely to add to the expansion, the Economy Ministry said in Thursday.Europe's biggest economy grew by 0.6 percent in the first quarter - faster than in the prior quarters - and analysts expect gross domestic product (GDP) to grow at least by the same rate in the April-June period."The German economy is continuing its accelerated upswing - in the second quarter too," the ministry said in its monthly ...

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First Published: Thu, July 13 2017. 13:32 IST