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German Economy, Profiting from Mild Climate, Services, Seen Growing by 1.9% This Year, IMF Says

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Germany's economy will grow by 1.9 percent this year, the International Monetary Fund said on Thursday in revising upward its growth forecast for Europe's largest economy from 1.7 percent.
  • Why it matters

    Why it matters

    The IMF’s updated forecasts show that Europe is not out of the woods yet. Economic growth is stabilizing, but the overall growth figures mask differences between countries.

  • Facts

    Facts

    • The IMF sees Germany’s economy growing 1.9 percent this year. That’s up 0.2 percentage points from the IMF’s last growth forecast in April.
    • Global growth is seen slowing this year to 3.4 percent, down from the IMF’s April forecast of 3.7 percent.
    • The United States, Russia and China have all performed worse than expected this year, the IMF said.
  • Audio

    Audio

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Germany’s robust economy appears to be unbroken, according the International Monetary Fund, which on Thursday said it expected Europe’s largest economy to grow by 1.9 percent this year, up from a 1.7 percent estimate just three months ago.

The fund, which is based in Washington and releases quarterly forecasts on national and global economies, held steady its forecast for European economic growth at 1.1 percent. The IMF said the unchanged value for Europe masked an increasing divergence among countries such as France and Italy, where growth appears to be slowing, or Spain, which like Germany is growing faster than expected.

 

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