- German government expects the country's economy to expand 1.7% this year
Market news
20 April 2016
German government expects the country's economy to expand 1.7% this year
The German government said on Wednesday that it expected the country's economy to expand 1.7% this year, unchanged from its previous forecast, and 1.5% in 2017, down from its previous forecast of a 1.8% growth.
Export growth is expected to be 2.9% this year and 3.7% in 2017.
The government expects German private consumption to rise by 2.0% this year and by 1.5% in 2017.
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