Bundesbank Semi-Annual Review: German GDP forecasts raised for 2016 & 2017
|On Friday, the German central bank, Bundesbank (Buba) published its semi-annual review on the German economic outlook for 2016 and 2017.
Key Highlights:
Both raised to +1.8%
Cuts inflation f/cast to 1.4% from 1.5%, 2018 1.7%, 2019 1.9%
German budget to generate surpluses for years without new measures
Govt debt ration could fall to 60% of GDP
Sees increasing labor market bottlenecks, limiting jobs growth
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