When the going gets tough , the tough get going
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Bundesbank: Economy grew strongly in Q1
Latest Bundesbank monthly report •Expects a loss of economic momentum in Q2 •Sees negative inflation likely in spring •Could see a slight rise in unemployment in the coming months •The implied path of crude prices are seen as leading to positive inflation again •There is no evident risk of increasing second round effects in Germany •Q1 GDP could be tangibly above 0.3% That's given the nod for Q1 GDP numbers at least.