German financial system possible grew reasonably in first-quarter: Financial system Ministry –

FILE PHOTO: Aerial view of containers at a loading terminal in the port of Hamburg, Germany August 1, 2018. REUTERS/Fabian Bimmer/File Photo

BERLIN (Reuters) – The German economy had a subdued start to 2019 and probably grew moderately in the first quarter, the Economy Ministry said on Thursday, warning that the industrial sector was likely to remain weak due to sluggish demand from abroad.

“The economy has got into turbulent waters due to higher risks and uncertainties in the external environment,” the ministry said in its monthly report.

Reporting by Michelle Martin

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