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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.