German economy is on an upswing - German Finance Ministry

In their monthly report, the German Finance Ministry is presenting a bullish outlook, optimistic that the first quarter's contraction is coming to an end.

Key highlights

The German Finance Ministry noted that the German economy is in a strong 'upswing', even though 2018's first quarter performance was worse than late 2017, as output clocked in for Q12 at 0.3%, below the previous quarter's 0.6%. The slowdown was pinned on temporary factors, and now "macroeconomic conditions, which remain favourable, and current economic indicators suggest the economic upturn will continue."