IMF: Won’t yet revise German GDP forecast after better than expected first-quarter

Market news

17 May 2019

IMF: Won’t yet revise German GDP forecast after better than expected first-quarter

The International Monetary Fund (IMF) will not yet change its growth forecast for Germany after first-quarter growth came in stronger than expected, its mission chief for Germany said on Friday.

The positive development, a 0.4% q-o-q growth rate according to an official flash estimate, might have been driven by one-off effects, IMF's Enrica Detragiache said.

The IMF projects a full-year growth rate of 0.8% in Germany.

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