Bundesbank Raises Germany Q2 Growth Outlook to Modest Expansion from Previous Stagnation Forecast

According to the Bundesbank on Tuesday, Germany's economy is expected to achieve modest growth in the second quarter, revised upward from its previous stagnation forecast. The central bank indicated that economic growth momentum will likely continue into the third quarter, though at a slower pace. In its monthly report, the Bundesbank stated that current economic indicators suggest Germany's potential growth rate is higher than predicted in its June forecast.
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