Germany leads European growth

By Václav Němec

Germany is driving Europe’s economy, thanks to GDP growth in Q2 and heightened domestic demand.

Household spending and company investments are helping Germany to remain Europe’s main hub of growth. While GDP growth was expected to reach 0.7% (as predicted by Reuters), Germany did reach 0.6% in Q2.

Q2 of this year marked the nation’s 12th consecutive quarter of growth. According to CNBC, Alexander Krueger, Bankhaus Lampe economist, said: “The German economy is proving its staying power, the upswing continues.”


Demand in the country has been mainly driven by domestic needs as spending increases, both for businesses and individuals. Exports still rose less strongly than imports, however.

ING Bank Analyst, Carsten Brzeski, added: "Germany's economic success story goes on and on and on.

"The same holds for the export sector, where a stronger euro, weaker-than-expected U.S. growth and Brexit uncertainty could take some wind out of the sails without bringing exports to a halt.”

Brzeski did also note that big drivers for domestic economy growth, like increased wages and government spending, would likely slow down in the near future.

Q2 growth has also been experienced by France, Italy, Spain, and Britain.


Featured Articles

Middle East GDP hike of 57% if more women join workforce

By tapping into the potential of next-generation female workers, the MENA region could unlock new economic opportunities, up to US$2 trillion, reports PwC

Dialight supplies LED solutions for industrial safety

Reliance on inefficient lighting technologies are not only harmful to the environment, but also increase injury risk and cost

Top 10: Tech, AI, cloud, cyber speakers at TECH LIVE LONDON

TECH LIVE LONDON events sees technology leaders from IBM, Oracle, Vodafone, JP Morgan, Accenture and the US Space Force among the inspirational speakers

Cyber LIVE adds Vodafone head of cyber Kawalec to line-up

Leadership & Strategy

Musk’s multibillion hostile Twitter takeover – the timeline

Leadership & Strategy

Sustainable moves businesses can make to win customers, IBM