German Economy Ministry: GDP likely increased moderately In Q1

The German Economy Ministry is out with its latest assessment on the German economy. With the key highlighted noted below.

German economy had subdued start to 2019, points to higher risks and uncertainties abroad.

Solid domestic demand and fiscal impetus are providing support for economy.

Weak phase in industrial sector is likely to continue due to weak demand from abroad.

GDP likely increased moderately in Q1.

Problems in car sector related to new emissions standards should be largely overcome now.