German Finance Ministry monthly report – tax revenue rising, moderate GDP growth expected

The German Finance Ministry monthly report is out, with headline info on it crossing on the Bloomberg:

• Underlying growth ‘still intact’ een though the economy shrank 0.2% in Q2
• ‘Moderate’ GDP growth can be expected in H2 provided geopolitical risks don’t escalate
• Moderate CPI developments – don’t’ see danger of deflation