Wiesbaden – The government spending on refugees and consumer sentiment of consumers think the German economy to grow. The Gross Domestic Product (GDP) increased in the fourth quarter 2015 by 0.3 percent compared to the previous quarter, the Federal Statistics Office reported.
In order to first estimates confirmed the statisticians who had expected a growth in this area. For the full year put the German economy by 1.7 percent.
“The economic situation in Germany was thus in 2015 characterized by a solid and steady economic growth », the agency said. In the third quarter the economy was also increased in real terms by 0.3 percent compared to the previous quarter. At the beginning and in the spring there were therefore respectively 0.4 percent
Growth was October-December mainly from the domestic market. The state increased its consumption clear – among other things, because he has to take in refugees a lot of money in the hand for the supply and integration of hundreds of thousands. Many economists evaluate the immigration of people from Syria, Iraq or Afghanistan as a stimulus program – also with regard to 2016
The consumer spending consumers boosted growth. at. Inflation is low mainly because of the drop in oil prices, which relieves the consumer budgets. For the coming months, economists are expecting a further moderate rise in consumer prices. In January, inflation lay only slightly to 0.5 percent over the same month last year to.
support for the economy is in the opinion of economists this year consumption stay – whether public or private. Although consumer spending increased, according to the Federal Statistical Office at the end only slightly. But that was probably just taking a break after strong growth in the third quarter, said Unicredit economist Andreas Rees. Fluctuations on a quarterly basis is not rare
“bears the German domestic economy, and the outlook for China and the global economy -. Consequently for our exports – are of fundamental view better than the uncertain exchanges currently willing to admit, “said KfW chief economist Jörg Zeuner
the company invested more than in the third quarter 2015 -. ago especially in buildings. This according to estimates by economists also played the mild winter a role.
Growth was hampered by preliminary calculations, the Wiesbaden authority other hand, foreign trade, even though Germany’s export companies they laid a record for the full year. At the end, however, fewer goods went abroad than in the previous quarter. The decline in imports hand was weaker.
In major export markets such as China, the economy had recently cooled. “The World Trade stagnates, prevails in the emerging markets in many areas of crisis – because it’s good to be able to look back on a stable domestic economy,” said Thomas Gitzel, chief economist at VP Bank Group
In the previous year, economic growth accelerated at the end. The price-adjusted GDP grew in the fourth quarter 2015 by 2.1 percent, after 1.7 percent in the third quarter and 1.6 percent in the second quarter. However, there was in the last quarter two working days more than last year. Detailed data for the fourth quarter will the Federal Statistical Office will publish on 23 February.
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