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Germany's potential growth rate to slow through 2025, says Bundesbank

Germany's potential growth
German economy   The central bank estimates

Germany's potential economic growth is likely to slow through 2025 as the workforce is set to contract despite high immigration, Bundesbank said in its monthly report.


The central bank estimates the work force to decline by 2.5 million through the middle of the next decade.

The bank said the potential growth is likely to drop to 0.75% per year by 2025 from around 1.25%.

However, the Bundesbank said the German economy is forecast to pick up considerably in the winter quarter of 2017.

Private consumption is set to remain an important growth driver due to the favorable labor market conditions and good consumer sentiment, the bank said.

 

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