Germany: Significant downwards revision of growth forecast - Unicredit

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Research Team at Unicredit, has significantly revised down their growth forecast for Germany from +0.6% qoq to +0.3% in the fourth quarter of 2015.

    Key Quotes

    “Although we expect that industrial activity accelerated in December, the disappointing developments in October and November will weigh on the overall quarterly GDP figure.

    In contrast, positive impulses are expected from private and public consumption as well as the construction sector.

    Overall, we stick to our optimistic view for the German economy. Positive factors (i.e. advantageous exchange rate, low oil prices, accelerating economic activity in other European countries) outweigh headwinds from emerging Asia. Increasing internal demand as well as the expected recovery in the US should support robust growth in 2016.”
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