4 Dec 2015
Bundesbank revises German 2015 inflation forecasts lower
FXStreet (Mumbai) - The latest Bundesbank report released today showed the German central bank revised the 2015 the Harmonised Index of Consumer Prices (HICP) lower to 0.2% from the previous forecast of 0.5%.
The Bundesbank's economists expect Germany’s real gross domestic product (GDP) to grow by 1.7% this year, followed by a rise of 1.8% in 2016 and 1.7% in 2017.
On inflation
“Consumer price inflation will accelerate as the dampening effect of crude oil prices on inflation gradually peters out. This should more clearly reflect the feed-through of rising domestic cost pressures in the price level.”
On growth
“Export markets outside the euro area expected to rebound and economic growth within the euro area gaining a little more traction, the healthy underlying state of the German economy should stand out even more clearly over the next two years."
The Bundesbank's economists expect Germany’s real gross domestic product (GDP) to grow by 1.7% this year, followed by a rise of 1.8% in 2016 and 1.7% in 2017.
On inflation
“Consumer price inflation will accelerate as the dampening effect of crude oil prices on inflation gradually peters out. This should more clearly reflect the feed-through of rising domestic cost pressures in the price level.”
On growth
“Export markets outside the euro area expected to rebound and economic growth within the euro area gaining a little more traction, the healthy underlying state of the German economy should stand out even more clearly over the next two years."