Comments by Bundesbank chief, Jens Weidmann
- German growth dip proving to be more persistent than initially thought
- Germany likely posted solid Q1 growth
- But says that this is helped by one-off factors like mild weather
- Low borrowing costs, rising wages suggest that growth will pick up later this year
I'm not really sure what to make of his comments here. He's talking about how 0.5% GDP growth in 2019 seems plausible while at the same time labeling what we have seen in Q1 so far as being 'solid'. Right...
As it stands, he and other policymakers continue to believe that economic conditions will rebound in 2H 2019. It's a similar case as per what we experienced last year, so let's see if they will be right this time around.
