Bundesbank significantly raised its forecast economic growth of Germany

Germany's gross domestic product will grow in 2014 by 1.9 percent, and in 2015 - by 2 percent. These data are contained in the spring forecast of the German Federal Bank.
By: GERBANKS
 
BERLIN - June 14, 2014 - PRLog -- German Federal Bank (Bundesbank) expects that in the current and next year the German economy expected to grow significantly. According to the latest forecast of the bank, presented on Friday, June 6, the gross domestic product (GDP) in 2014 increased by 1.9 percent (it is 0.2 percentage points higher than the January forecast data), 2015 - 2 percent , and in 2016 - by 1.8 percent.

At the same time, inflation in Germany, according to the calculations of the Bundesbank in the foreseeable future will remain well below the goal of annual growth of prices established by the European Central Bank at slightly less than 2 percent. This approach only around Germany in 2016, when inflation is expected to be 1.9 percent. In 2014 and 2015 the Bundesbank expects price growth at respectively 1.1 and 1.5 per cent, reports Reuters.

The number of unemployed in the current and next year will be about 2.8 million people. Good economic conditions will impact on tax collection. Prior to 2015, the state budget will remain more or less balanced, and in 2016 it will be possible to achieve a significant surplus. Said in a statement the German Federal Bank.

Follow the latest updates on the German economy at http://gerbanks.com
End
Source:GERBANKS
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Tags:Germany, Bundesbank, Economy
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