The German economy is likely to see a slower growth rate during the rest of this year, the Finance Ministry said in its latest monthly report released Monday.
Declining demand from the euro area economies is weighing on German economy, the Ministry said in the report. It noted that leading indicators point to a certain weakening of export momentum in the course of the year.
According to recent official data, the gross domestic product rose 0.3 percent quarter-on-quarter in the second quarter following 0.5 percent increase in the previous quarter.
Continued growth in employment and wages also supported increase in tax revenue. During the first seven months of the year, tax revenue rose 5 percent compared to the same period last year, the report showed.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.