Germany's Ifo institute upgrades its growth forecasts for Germany

Market news

17 June 2016

Germany's Ifo institute upgrades its growth forecasts for Germany

Germany's Ifo institute upgraded its growth forecasts for Germany on Thursday. Germany's economy is expected to expand 1.8% in 2016, up from the previous estimate of 1.6%, and 1.6% in 2017, up from the previous estimate of 1.5%. The upward revision was driven by a strong labour market and higher state spending on refugees.

WSE: Mid session comment

Finland’s Finance Minister Alexander Stubb: Britain’s exit from the European Union will have the same effect for Europe like the bankruptcy of Lehman Brothers in the U.S.

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.