The German Council of Economic Advisors raised its forecast for GDP growth in Germany in 2018 from 2.2% to 2.3%. The latest forecasts were as follows:
- GDP is expected to rise 0.6% in the first quarter and 0.5% in Q2.
- The German economy is expected to grow by 1.8% in 2019.
- Debt could fall below 60% of GDP by the end of 2019.
- ECB starting exit from expansive policy is overdue
- The risks facing the economy, represented by the Italian elections, Brexit uncertainty and US tariffs.
- Protectionist policies will have a negative impact on the world economy.
