Germany Eyes 1.5% GDP Growth
World Economy

Germany Eyes 1.5% GDP Growth

Media reports have claimed the German government has revised its 2015 growth outlook for the national economy in 2015. It said GDP would grow by 1.5 percent this year, up from a previous and more cautious estimate.
According to reports by Reuters and AFP news agencies, the German government sees GDP growth come in at 1.5 percent this year, up from an earlier estimate of just 1.3 percent for the whole of 2015.
The figures are part of the government’s 2015 Economic Outlook to be presented by Economy Minister Sigmar Gabriel during an official news conference in Berlin Wednesday.
The draft document says the improved outlook is mainly down to continuously low oil prices and the most recent labor market data.

  More Jobs
The German economy is “in good shape,” the report says, with more people than ever having a job and the unemployment rate expected to drop further to 6.6 percent in 2015, down from 6.7 percent last year. This would leave 2.9 million people out of work in the country in the course of the year.
Berlin says it also predicts a 3.6-percent rise in exports this year due to the weak euro against the greenback, but warns that the foreign trade environment remains difficult in light of geopolitical tensions over Ukraine and continuously slow growth in fellow eurozone nations.
In its report, the German government pledges to support bigger leeway for more private investments in the country’s infrastructure. It adds that more taxpayers’ money will go into education, also with a view to getting more skilled workers for the economy.

Short URL : http://goo.gl/pZ3uDQ

You can also read ...

Cyber threats are ever-evolving.
The White House released a report that found that the economic...
Global Investors Target Zimbabwe Energy Sector
Zimbabwe has become a magnet for billionaire global firms such...
BSP said the planned RRR cuts are part of the bank’s financial market reforms.
The Bangko Sentral ng Pilipinas said it was reducing banks’...
FAO regional representative Julio Berdegue (R), and the deputy regional representative Eve Crowley.
Identifying territories where rural poverty is most entrenched...
Asean Labor Flows Hit a Wall
Tighter restrictions on foreign labor in Malaysia and Thailand...
Lagarde Backs Creation of European Monetary Fund
International Monetary Fund chief Christine Lagarde has no...
The country’s GDP grew by 3.2% in 2017 but will  edge down in the coming years.
A report by the International Monetary Fund showed Sunday that...
Baby-boomers will start turning 75 or older in 2022, which is expected to trigger a surge in health care and nursing care costs.
Amid stalling inflation and ballooning government spending,...