German Growth Engine Keeps Running

- "After the record large gain in GDP in 2Q, we revise up our GDP forecast for Germany to 3.4% for 2010 and 2.4% for 2011."
- "A likely slowdown in export growth and — from 2011 onwards — tighter fiscal policy probably will lead to GDP growth moderation in our view. However, in an environment of improving financing conditions and decent profits, capital expenditures should continue to expand at a decent pace and we expect accelerating housing investment and consumption."
- "In our view, the current political stalemate is one of the biggest downside risks for the longer-term growth outlook in Germany."
Citigroup Euro Weekly 20100813

No comments:

Post a Comment