Bundesbank sees German economy returning to growth | Bangkok Post: news

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Bundesbank sees German economy returning to growth

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The German economy, which contracted at the end of last year, likely returned to growth in the first quarter of this year and the upward trend looks set to continue, the Bundesbank said on Monday. 

Cranes are seen at the booth of German company Liebherr at an International Trade Fair in Munich on April 18, 2013. The German economy, which contracted at the end of last year, likely returned to growth in the first quarter of this year and the upward trend looks set to continue, the Bundesbank has said.

"Even if no growth impulses were seen coming from manufacturing industry in the first quarter of 2013, services should have expanded again. Against this background, a rise in overall economic output is possible," the German central bank wrote in its April monthly report.

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