Consumers help German economy to rebound in Q1

Official figures show that the German economy returned to growth in the first quarter of 2019 on the back of solid consumer spending and a construction boom in Europe’s largest economy.

The Federal Statistical Office reported Wednesday that the country’s economy grew by 0.4% in the first quarter from the previous three-month period.

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ING economist Carsten Brzeski says the rebound suggests any panic about the state of German economy was overblown but that there is no room for complacency.

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