Germany's IFO expects Q1 2017 GDP of around 0.5%

The IFO trotting out their forecasts

  • Sees 2017 GDP at 1.5%

  • German economy will take the strong impetus from 2016 into 2017

  • Says private consumption and state spending will lose momentum in 2017

So that strong impetus from 2016 (1.9%) will carry over into (1.5%) growth in 2017? Economists eh?

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