Frankfurt's financial quarter | Daniel Roland/AFP via Getty Images Bundesbank: Germany will ease through Brexit uncertainty Germany’s economy continues to grow despite worries over the negative impact of the Brexit vote the Frankfurt-based central bank reports.

Germany's central bank said the national economy has so far shrugged off uncertainty surrounding the U.K.'s vote to leave the EU, raising hopes that any fallout from Brexit will be contained.

German growth prospects are only “modestly dampened” by the U.K.’s June 23 vote to leave the EU, the Bundesbank said, despite August predictions by the German Institute for Economic Research (DiW) that uncertainty could hit the EU's largest economy hard.

But Germany's national statistics office reported growth in exports Friday and a rise in GDP of 0.4 percent in the second quarter, a drop on first quarter growth of 0.7 percent but still a step up from analyst predictions.

"This supports the view that the economic consequences of the U.K.'s referendum on membership of the EU for Germany will be limited, at least in the short term," the Bundesbank said in today's August update.

"The positive expectations of companies in terms of export activity suggests that exports in the third quarter will also see solid growth," the central bank added, boosting autumn hopes.

In July, the Bundesbank said it would be hard to gauge the impact of the Brexit vote on the national economy but that any effect would be small at first.

The Bundesbank added that the European Central Bank’s governing committee decided at their July meeting that Brexit would not alter their prediction for a base case scenario of "sustained economic recovery" in the eurozone.

But clouds could be gathering. The DiW report says uncertainty in the eight months following the referendum up to February 2017 could cut Germany’s GDP by up to 0.4 percent, while the eurozone’s economy could be cut by 0.2 percent.