Arab Today, arab today german government raises 2015 2016 growth forecasts to 18
Last Updated : GMT 22:01:08
Arab Today, arab today
Arab Today, arab today

German government raises 2015, 2016 growth forecasts to 1.8%

Arab Today, arab today

Arab Today, arab today German government raises 2015, 2016 growth forecasts to 1.8%

A employee works on a gas turbine rotor
Frankfurt - AFP

The German government upgraded Wednesday its forecasts for growth both this year and next year to 1.8 percent, saying Europe's biggest economy is "in an upturn."

Economy Minister Sigmar Gabriel said "Germany is on a solid path of growth, driven by favourable developments on the labour market, rising wages and increased employment. The main pillar of recovery is consumer spending."

Previously, the government had been pencilling in gross domestic product (GDP) growth of 1.5 percent in 2015, and 1.6 percent in 2016.

"The current momentum of domestic demand is pleasing. But we must not be complacent. We can't take economic success for granted. We must improve the medium-term growth perspective," Gabriel said.

The minister said the German economy would benefit from a slight pick-up in global growth, with the euro area in particular set to enjoy increased expansion.

Moreover, the decline in the value of the euro would help boost exports, which Berlin predicted would show "solid" growth both in 2015 and 2016, Gabriel said.

Last week, Germany's leading economic institutes already sharply increased their growth forecast for this year to 2.1 percent, saying the country's current robust recovery was being fuelled by cheap oil, the weak euro and a boom in consumer spending.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german government raises 2015 2016 growth forecasts to 18 Arab Today, arab today german government raises 2015 2016 growth forecasts to 18

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german government raises 2015 2016 growth forecasts to 18 Arab Today, arab today german government raises 2015 2016 growth forecasts to 18

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday