Economy cooled in the first quarter – German economic ministry

FXStreet (Mumbai) - The German economic ministry, in its latest report, says economic growth could have slowed slightly in the first quarter of this year, but it still expects the up turn to continue at a moderate pace.

"The high rate of growth at the end of last year will likely not be achieved though," the ministry said in its monthly report.

The report also states that a weaker Euro and lower oil price shall give additional support to the economy, while Greece, Russia-Ukraine and Middle East tension could weigh over economic growth.