Germany’s Bundesbank: Economy to shrink slightly in Q2

According to Reuters, Bundesbank on Monday has noted that it expected the Germany economy to contract slightly in the second quarter of the year.

 “Special effects that contributed to a noticeable rise in gross domestic product in the first quarter are either expiring or being reversed,” the bank said in its publication.  “The buoyant forces underpinning the strong domestic-oriented sectors of the economy remain fundamentally intact. The dichotomy in the economy will continue.”