Via Reuters this morning, comments from the German finance ministry's monthly report for May:
- The ministry repeated the government's growth forecasts, revised up last month, for the economy to expand by 1.8 percent in real terms this year and next
"The favourable macroeconomic conditions, like the brightening outlook for business domestically and abroad, low interest rates and continued low prices for energy products, point towards a continuation of the economic upswing in the remainder of the year"
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Note: The latest ZEW numbers are not so upbeat: Horrible numbers
"Financial market experts have adjusted their optimistic expectations downward in May due to unexpectedly poor growth figures in the first quarter of 2015 and turmoil on the stock and bond markets. However, only a small number of survey participants actually expect a deterioration of the economic situation"
(quote from ZEW, not the finance ministry)
