German IW Institute: Germany’s economy is expected to expand 1.5% in 2016

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24 November 2015

German IW Institute: Germany’s economy is expected to expand 1.5% in 2016

According to German IW Institute, Germany's economy is expected to expand 1.5% in 2016, compared to a 1.75% growth forecasted in 2015.

Private consumption is expected to rise 1.5% in 2016, compared to a 2.0% gain forecasted in 2015.

The institute expects the unemployment rate to be 6.5% in 2015 and 2016.

Fed Chairwoman Janet Yellen: the Fed starts raising its interest rate if the labour market will continue to strengthen and the inflation will toward the Fed’s 2% target

Germany: IFO - Expectations , November 104.7 (forecast 104)

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