German central bank sees economy in good shape

Feb 19, 2014

In a fresh report, the German central bank has said it sees the national economy picking up momentum. The Bundesbank said demand for domestic products was growing in foreign markets, including the eurozone.

In its latest monthly report, the Bundesbank said Monday the German economy continued to be in robust, adding that the economy was likely to pick up speed in the weeks ahead due to a more favorable world economic climate.

The central bank pointed to a slow, but steady recovery in Germany's main export area, the eurozone, where demand was increasing, too. It said the situation on the domestic market should also improve further as wage hikes were likely to fuel consumption.

It had no reason to call into question the government's plan to come up with a more or less balanced budget this year and in 2015, following a marginal deficit of 0.1 percent last year, the Bundesbank said.

© Deutsche Welle, German Embassy New Delhi

German central bank sees economy in good shape

German central bank sees economy in good shape