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German Govt sees GDP at 1.7% in 2016 (unchanged), 1.5% in 2017

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In it’s Spring Projection released Wednesday, the German economy ministry left 2016 GDP forecast unchanged at +1.7%.

    Key points from the report:

    German GDP would grow by 1.7% unchanged from its previous forecast in January. That rate would slow to 1.5 next year

    Pvt consumption up 2% in 2016 vs +1.9% in Jan

    2016 exports up +2.9% vs +3.2% prev

    2016 imports +5.2% vs +4.8% prev

    Domestic demand +2.6% in 2016 vs +2.3% prev

    Equipment investment up 2.6% in 2016 vs +2.25 prev forecast

    Construction investment +2.7% in 2016 vs +2.35 prev

    Economy Minister Sigmar Gabriel said in Berlin, “Economic upswing upturn will continue this year and next. Domestic growth drivers have become more important.”
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