Bundesbank board member Dombret up to the mic 5 Feb
- good news is that the German banking sector has become much more attractive in recent years. This can be seen, for example, in investments in German banks in recent months.
- the economic outlook for the euro area is good. We see that not least for Germany.For the current year, the Bundesbank expects a further 2.5% increase in GDP.And in 2019 (+1.7%) and 2020 (+1.5%), Germany will still grow above its potential
- the upswing carries its own risks and experience teaches that when the economy is good, risks are underestimated
- positive economic data for the eurozone should not tempt us into euphoria, because many eurozone countries continue to face challenges
- biggest challenge is still to give the monetary union a robust overall architecture.
Upbeat but understandably cautious tones from Dombret.
Speech at Annual Reception of the Bundesbank's Central Administration in Hamburg entitled
Risks in view? The economy in Germany and Europe
Full speech, translated to English, here
