Brexit Vote Expected to Have ‘Limited’ Economic Impact on Germany: Bundesbank, According to Reuters

Frankfurt (Reuters) – The decision by Britain to leave the European Union is expected to have limited immediate economic effects on Germany, according to the country’s central bank. The mood among entrepreneurs in Germany remains largely positive.

The Bundesbank anticipates that the German economy continued its growth over the summer, supported by strong exports, industrial production, construction, and consumer spending.

In its monthly report, the Bundesbank noted, "Amid ongoing public discourse regarding the economic ramifications of the UK’s announced exit from the EU, the positive outlook held by German companies has only been slightly affected."

This observation reinforces the belief that the economic impact of the Brexit vote on Germany will be minimal, at least in the short term.

Recent data indicated that Germany’s gross domestic product rose by 0.4 percent in the second quarter. While this figure is lower than in the first quarter, it still positions Germany favorably compared to its peers and aligns with analyst forecasts.