Joint Economic Forecast: German Economy Stable but Needs Effective Policies to Nurture Growth

The German economy is experiencing a moderate upturn. Gross domestic product will increase by 1.8 percent in 2015 and in 2016, respectively. Growth will be driven by private consumption. In view of the world economy's modest growth, exports are only expected to rise slightly, especially as the stimulating effect of the euro's depreciation gradually starts to fade.