The Federation of German Industries (BDI) expects the German economy to expand around 2% in 2016

Market news

13 January 2016

The Federation of German Industries (BDI) expects the German economy to expand around 2% in 2016

The Federation of German Industries (BDI) said on Wednesday that it expects the German economy to expand around 2% in 2016.

BDI President Ulrich Grillo said that the growth is driven by low oil prices, low interest rates and a weak euro, adding that geopolitical tensions could have a negative effect on the German economy.

He noted that the government should invest in the infrastructure.

Before the bell: S&P futures +0.88%, NASDAQ futures +0.86%

Moderate growth in the Eurozone is expected in the first and second quarter of 2016

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.