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Germany's Bundesbank Sees GDP Growth Again in 2Q
The German economy is expected to post a second straight quarter of growth, the country's central bank said Wednesday, recovering from a 2023 downturn on a robust services sector and improving disposable incomes. "Economic output is likely to increase slightly again in the second quarter," it said, after the country reported 0.2% growth in the first three months of the year. That marked a rebound from the 0.5% decline in gross domestic product that Europe's largest economy saw in the final quarter of 2024. Germany's services sector is likely to grow further in the April-June period, driven by rising household ... (full story)