Germany raises 2013 GDP growth forecast to 0.5%

25 April 2013 14:49  [Source: ICIS news]

LONDON (ICIS)--Germany’s government on Thursday slightly raised its official 2013 GDP growth forecast – to 0.5%, from previously 0.4%.

The government’s forecast is less optimistic than the 0.8% GDP growth expected by leading German economics institutes for this year.

“We have good reason to be optimistic about the future,” economics minister Philipp Roesler said in presenting the government’s latest update.

“The economy is gaining track, and unemployment keeps falling,” he added.

For 2014, the government expects 1.6% GDP growth.

The government's forecasts for 2013 and 2014 compare with 0.7% GDP growth in 2012, 3.0% in 2011 and 4.2% in 2010.

Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog

By: Franco Capaldo
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