Thursday, March 26, 2015

Economy predict sustained upturn – SPIEGEL ONLINE

Wiesbaden – The farming practices are more optimistic on the economy in Germany and their growth forecast sharply increased. The gross domestic product will rise this year by 1.8 percent, said the Council of Experts. The end of 2014, the five economists and government advisors had estimated an increase of only 1.0 percent.

The Council established the better prospects with the sharp drop in oil prices. “This has a positive effect on private consumption,” it said.

At the same time, exports benefited from the low Euro. Also, other euro countries’ll benefit from this effect. Therefore, the Advisory Council on the currency area now a growth of 1.3 instead of only 1.0 percent predicts 2015

However, the positive economic effects of ultra-loose monetary policy of the European Central Bank (ECB) are not unique.: “The better view must not obscure the fact that the ECB’s measures are associated with significant risks, especially for financial stability and necessary structural reforms can not replace,” declared the farming practices.


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