RSS   Newsletter   Contact   Advertise with us
Post Online Media
German economy   The central bank estimates

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

Germany's potential growthGermany'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.

Article continues below

READ MORE Germany's growth likely to be significantly higher in Q4

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.




What to read next



 
 

We use cookies to ensure that we give you the best experience on our website. Please allow cookies for fully-functioning website.

Allow Cookies Privacy Policy