- 2014 GDP +1.2% vs +1.8% prev forecast
- 2105 GDP +1.3% vs +2.0%
Ouch. Yet more reality check out of Germany
- 2014 inflation +1.1%
- 2015 +1.6%
- 2014 capital investment growth seen at 3.0%. 2015 +4.1%
Economic minister and vice-chancellor Sigmar Gabriel sets out the current outlook in an emailed statement
- Germany must invest more in infrastructure
- domestic demand in holding up
- German employment to continue to rise in 2015
- “confident” Germany economy can overcome difficulties
- cites Ukraine crisis as having economic impact
- German economic health is tied to European economy
It’s been a session full of bad news eh?
That’s the spirit Siggy. Keep smiling!
