21 Jul 2014
IMF hikes German growth forecast
FXStreet (Łódź) - In its annual assessment of the German economy the International Monetary Fund raised the country's 2014 and 2015 GDP forecasts to 1.9% from 1.7% and to 1.7% from 1.6%, respectively.
Inflation was seen accelerating to 1.1% next year and to 1.4% in 2015.
The IMF stressed however that the growth outlook remained subdued, in the face of weak global growth, uncertain energy costs and demographic changes . It urged GErmany to step up efforts to reduce the current account surplus.
It advised a cautious implementation of the national minimum wage and added that investing another 0.5% of GDP wouldn't be a violation of fiscal rules.
Inflation was seen accelerating to 1.1% next year and to 1.4% in 2015.
The IMF stressed however that the growth outlook remained subdued, in the face of weak global growth, uncertain energy costs and demographic changes . It urged GErmany to step up efforts to reduce the current account surplus.
It advised a cautious implementation of the national minimum wage and added that investing another 0.5% of GDP wouldn't be a violation of fiscal rules.