21 Jul 2016
Germany FinMin: Economy remains on a solid growth path
German Finance Minister Wolfgang Schäuble was on the wires last minutes, via Reuters, noting that country's economy remains in solid shape.
Key quotes, via Reuters:
- German economy remains on a solid growth path.
- Due to strong domestic demand.
- External risks have increased after Britain's decision to leave the European Union.
- Expects German exports to continue to grow at a moderate pace, pointing to strong demand especially from euro zone countries.
- However, the development of the world economy is still restrained.
- The strong growth rate at the beginning of the year was mainly shaped by special factors such as strong construction activity thanks to a mild winter.
- Rising employment, higher real wages and nearly stable prices are expected to further boost consumers' purchasing power.