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.