- The Bundesbank expects Germany's economy to slow in Q2 after unusually mild weather boosted growth in Q1, when GDP expanded 0.8% on quarter and an annualized 3.3%.
- The bank believes domestic demand will be the main driver of the economy, but it warned about economic risks in some emerging markets and geopolitical uncertainty in Eastern Europe.
- However, the weaker expansion "should not be interpreted as a slowdown in the underlying economic momentum," the bank said.
- The euro is +0.1% at $1.3707, while the DAX is -0.8%.
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