German economy will probably grow significantly also in the 2nd quarter, Commerzbank expert Ralph Solveen stated, mentioning the bank’s Early Bird indicator.
The economist observed the environment stays really favorable for the economy, in spite of some headwinds recently from the euro.
Apart from special elements such as the various circumstance of the Easter holidays, there is presently no reason why the German economy should not grow noticeably also in Q2, Solveen kept in mind.
Nevertheless, some more headwinds might emerge in the coming months, if the euro needs to continues its existing rise, injuring exports, the economist warned.
Solveen likewise accentuated indications that the Chinese economy will revert to a slower speed. The analyst stated this suggests that the worldwide financial environment might likewise become cloudier in the coming months.
“Monetary policy, in contrast, will not change,” Solveen said.
“In our view, an ECB rate hike is not to be anticipated next year either.”
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