The
Bundesbank expects the German economy to have continued to
expand over the summer, underpinned by exports, industrial
production, construction and consumer spending.
"Against the background of an intense public debate about the
economic effects of the announced exit of the United Kingdom
from the EU, German companies' positive expectations have so far
only been modestly dampened," the Bundesbank said in its monthly
report.
"This supports the view that the economic consequences of the
Brexit vote for Germany will be limited, at least in the short
term."
Germany's gross domestic product grew by 0.4 percent in the
three months to June, data showed last week.
While this was less than in the first quarter of the year, it
still put Germany well ahead of its peers and of analyst
expectations.
(Reporting By Francesco Canepa Editing by Jeremy Gaunt)
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