Excellent prospects for the German Economy
Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have learned that the prospects for the German economy remain “very good” with the weaker euro helping to offset sluggish growth in some emerging markets, according to recent statements made recently by Ifo (Institute for Economic Research) economist Klaus Wohlrabe.
Europe’s largest economy has started the second quarter on a strong footing and therefore, Germans’ morale rose to its highest level in almost a year in April.
Mr. Wohlrabe explained April’s figures supported its spring forecast for economic growth of 2.1 percent this year in Germany and 1.8 percent in 2016.
Regarding this fact he declared: “The prospects for the German economy continue to be very good, adding he was not concerned about the slight fall in expectations this month. He also opined “The euro’s weakness is compensating for the sluggish development in several parts of the world” clearly pointing to large emerging markets like China, Russia and Brazil.
The German government has raised its growth forecast to 1.8 percent for this year as Germany rides high on a tide of strong private consumption thank to rising employment and ultra-low interest rates.
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