German economy minister sees 2016, 2017 growth comparable to 1.7 percent in 2015
Reuters
Published Sep 28, 2016 11:35AM ET
German economy minister sees 2016, 2017 growth comparable to 1.7 percent in 2015
BERLIN (Reuters) - German Economy Minister Sigmar Gabriel on Wednesday said he expected growth in Europe's largest economy in 2016 and 2017 to be comparable to the 1.7 percent expansion Germany achieved in 2015.
"We expect comparable numbers this year and next," Gabriel told an event for medium-sized businesses.
Germany's leading economic institutes on Wednesday revised up their 2016 growth forecast to 1.9 percent from 1.6 percent, several sources familiar with a report due to be presented to the government told Reuters on Wednesday.
The institutes revised down their estimate for 2017 growth to 1.4 percent from their previous forecast of 1.5 percent, the sources said.
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Written By: Reuters
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