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- Bundesbank upgrades its growth forecasts for 2015 and 2016 for Germany
Bundesbank upgrades its growth forecasts for 2015 and 2016 for Germany
Bundesbank upgraded its growth forecasts for 2015 and 2016 for Germany. The growth is expected to be 1.7% in 2015, up from the previous estimate of 1.0%, and 1.8% in 2016, up from the previous estimate of 1.6%.
German economy is expected to grow at 1.5% in 2017.
"The German economy has recovered from the lull in mid-2014 more quickly than expected and has returned to a path of growth that is supported by both internal and external demand," the Bundesbank said.
Bundesbank President Jens Weidmann said that a sharp increase in the exchange rate will be downside risks to the economy.
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