The comments from Bundesbank President Joachim Nagel, also a member of the European Central Bank (ECB) Governing Council, released during the European trading session on Wednesday, signaled that he is optimistic on German economic growth in the last quarter this year. However, Nagel warned that the growth won’t be broad-based.
Additional remarks
-German recovery stronger than forecast.
-Our interim assessments point to a stronger recovery than we were expecting in the summer. [...]