Germany’s economy is expected to expand at around 2.25% in 2015

Market news

27 April 2015

Germany’s economy is expected to expand at around 2.25% in 2015

German IW economic institute released its growth forecast for Germany on Monday. Germany's economy is expected to expand at around 2.25% in 2015.

The growth will be driven by "numerous positive special effects" such as low oil prices, low interest rates and a weaker euro.

The director of the IW economic institute Michael Huether noted that these "positive special effects" are short-lived.

The German government expects the economy to grow 1.8%.

U.S. preliminary services purchasing managers' index (PMI) climbs to 57.8 in April

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