Europe & Russia August 2018

Germany’s economic growth remains steady, supporting expansion in the eurozone.

Germany’s GDP is forecast to rise by 2.3% this year, according to government forecasts, supported by steady quarterly growth. Household spending and higher state consumption supported the country’s economic expansion in H1, with GDP growing on an annual basis by 2.0% in Q1 and 1.9% in Q2. Germany’s economic performance is supporting growth in the rest of the eurozone, where the economy expanded by 2.5% in Q1 and 2.2% in Q2. Although Germany is expected to...