FRANKFURT (MNI) – Germany’s economic recovery became broad-based in
the second quarter and should continue even as stimulus programs expire,
Economics Minister Rainer Bruederle said Tuesday.
“The recovery has reached the German economy in full breadth,”
Bruederle said following the release of detailed second quarter GDP
results.
Both industry and the services are on the road to recovery, while
investment and private consumption have picked up, Bruederle noted,
emphasizing that the recovery was not solely export-driven but that
domestic demand had contributed some 60% to growth.
“The economic momentum of the summer will allow us to attain a
self-sustaining recovery after the end of stimulus programs,” Bruederle
said.
[TOPICS: M$G$$$,MGX$$$,M$X$$$]
