Posted on 12/15/2017 11:05:09 PM PST by Berlin_Freeper
The German economy will expand by 2.6 percent next year, the Ifo institute said on Thursday in its updated forecast for Europe’s economic powerhouse, pointing to a broad upswing that is generating record-high employment and buoyant tax revenues.
The surprisingly bullish projection - a hike from Ifo’s previous estimate of 2.0 percent for 2018 - comes despite a political stalemate, with Chancellor Angela Merkel struggling to form a coalition government nearly three months after a federal election.
(Excerpt) Read more at reuters.com ...
I predict the US economy will hit 5.6% growth next year.
Good let them pay their fair share of defense.
>I predict the US economy will hit 5.6% growth next year.
It very well could. We haven’t had any real growth (almost all fed pumping) for most of the Obama years.
Trump is making energy more abundant worldwide and has lowered energy prices for everyone. Abundant energy and the great American economy are a tide that has raised all ships, including the German economy.
A weak German economy will always increase the pressure to lift sanctions on Russia.
Wonder if that’s their “new normal”.
All that cheap foreign labor.
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