German Economy Showing More 'Bright Spots,' Bundesbank Says.

Germany's economy is showing signs of recovery, with the Bundesbank predicting that output will grow in the second quarter. The central bank expects private consumption to pick up and the manufacturing sector to slowly overcome its weak phase. While some recent data suggests a potential slowdown, the Bundesbank forecasts a 0.3% increase in real GDP this year, with growth accelerating in the following years. The Ifo institute also has a positive outlook, raising its growth forecast for this year and predicting a significant improvement in the second half of 2024. [Extracted from the article]