• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      International Investment Nordic Forum 2021

      International Investment is delighted to announce the 2021 International Investment Nordic Forum which will take place on Tuesday March 9, at 9am (GMT). This curated virtual event will be broadcast live and will feature a series of fund manager interviews and presentations, as well as interviews with some of the Nordic regions top fund selectors.

      • Date: 09 Mar 2021
      • ONLINE, ONLINE
      event logo
      Sustainable Investment Festival 2021

      The Sustainable Investment Festival will run online from 22-25 June and will include thought-provoking presentations from renowned keynote speakers, innovative breakout events and sessions specifically tailored to meet the information needs of fund selectors, financial advisers, pension consultants, trustees and scheme managers.

      • Date: 22 Jun 2021
      • Online, Online
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video

German growth forecast downgraded

German growth forecast downgraded
  • Mona Dohle
  • 14 April 2016
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

The growth forecast for the German economy in 2016 has been downgraded to 1.6 percent, compared to a growth prediction of 1.8 percent last autumn, according to the latest data presented jointly by the German Federal Ministry for Economic Affairs in collaboration with a number of German economic thinktanks.

“Decisive for this adjustment was the fact that global economic growth has significantly slowed down. The German domestic economy on the other hand is today in an even better state compared to last autumn” explains Timo Wollmershäuser, head of the macroeconomic research department at the ifo Institute.

Related articles

  • German outlook worsens as exports plunge
  • Ifo lifts German growth forecast
  • Germany headed for near-stagnation, think tanks say
  • Three European fixed income trends

Consequently, the ifo Institute expects the number of people in employment to increase from 43 million in 2015 to 43.5 million in 2016. Unemployment levels are exected to increase slightly, from 6.2 percent to 6.4 percent, due to a time lag with the integration of refugees into the German labour market.

Moreover, the German budget surplus is expected to decline from €21bn to €11bn in 2016, due to additional investments as a result of the refugee crisis, nevertheless, the Ifo institute stresses that the German budget is in a healthy state and that there is still leverage for further investments.

The bi-annual economic forecast for Germany is producted jointly by the German Federal Ministry for Economic Affairs, the ifo Institute, the German Institute for Economic Research (DIW), the Halle Institute for Economic Research (IWH) and the Rhineland Palate Institute for Economic Research (RWI).

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Germany
  • ifo Institute
Back to Top

Most read

HSBC appoints CEO for the Middle East region
HSBC appoints CEO for the Middle East region
People moves: Phoenix Group, Franklin Templeton, TMF Group, AJ Bell, Arete, Just Group
People moves: Phoenix Group, Franklin Templeton, TMF Group, AJ Bell, Arete, Just Group
Nordic Fund Selector of the Year 2021 shortlist announced
Nordic Fund Selector of the Year 2021 shortlist announced
UK Budget: Sunak freezes lifetime allowance for pensions contributions
UK Budget: Sunak freezes lifetime allowance for pensions contributions
Europe's wealth mangers increasingly focusing on Bitcoin: survey
Europe's wealth mangers increasingly focusing on Bitcoin: survey
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading