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Europe Live Sunday 19th May 2013

Germany maintains its growth forcasts

30th April 2012

The German government maintained its growth forecasts of 0.7% in 2012 and 1.6% in 2013 in figures released on 25th April. According to Economy Minister, Philipp Rösler these positive developments prove the effectiveness of budgetary consolidation and structural reforms. "It is an important message to our partners in Europe," he added. Although IMF forecasts remain slightly below those of the government (+0.6% in 2012 and +1.5% in 2013), the main German economic institutes (IWH, RWI, IFW and IFO) are more optimistic in their spring report published on 19th April (+0.9% this next and +2% next). Philipp Rösler said that he would remain prudent since the debt crisis in the euro zone is not yet over.

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