Germany Economic Outlook
August 29, 2017The German economy’s dynamism remained on full display during Q2, and all signs indicate it will be sustained in H2. Although GDP growth moderated somewhat over the previous quarter in Q2, it remains vigorous, with domestic demand doing most of the heavy lifting. The positive momentum has seemingly carried over to Q3: Confidence indicators continue to hover at all-time or multi-year highs. The upbeat narrative bodes well for Angela Merkel’s reelection odds, with only a few weeks to go until federal elections are held on 24 September. Merkel’s ruling Christian Democratic Union party is polling close to its 2013 election result, when it just missed out on an absolute majority. With little resistance on her way to an almost guaranteed fourth term, the real political battle will likely be fought after the election during coalition negotiations, as six parties are expected to sit in Germany’s lower house, up from four at present.
Germany Economy Data
5 years of Germany economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.46||4.34 %||Sep 18|
|Exchange Rate||1.20||-0.08 %||Sep 18|
|Stock Market||12,559||0.32 %||Sep 18|
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Germany Economic Growth
August 29, 2017With little political uncertainty ahead, economic growth is expected to be broad-based. A tighter labor market is expected to push up wages, which should keep household consumption growing at a healthy pace. The external sector should also continue providing solid support to growth, thanks to the global economic upswing currently underway. Our panel expects GDP to grow 1.9% in 2017, which is up 0.1 percentage points from last month’s forecast. For 2018, the panel expects GDP growth of 1.8%.
Germany Economic News
August 30, 2017
Consumer prices in Germany increased 0.1% in August from the previous month, according to preliminary data released by the Federal Statistics Office (Destatis) on 30 August.
August 28, 2017
Germans will head to the polls on 24 September to elect a new legislature after a campaign that has been described as predictable and lacking in-depth policy discussion on key issues.
August 25, 2017
German business confidence fell to 115.9 points in August, down from 116.0 in June, which had marled an all-time high and overshooting market expectations of a decline to 115.5 points.
August 25, 2017
The German economy continued to perform strongly in Q2, as confirmed by detailed data published by Destatis on 25 August.
August 23, 2017
The Markit Flash Composite Purchasing Managers’ Index (PMI) rose to 55.7 in August, up from 54.7 in July.