German government to raise 2017 & 2018 growth forecast – IMF out too

by | October 10th, 2017, 13:54:56 | News

That’s according to German newspaper Sueddeutsche

It’s forecast day apparently, and it’s a busy one.

The German press is out saying the government will hike GDP for 2017 & 2018

  • 2017 GDP up to around 2.0% vs 1.5% prior. 2018 1.9% vs 1.6% prior

Usually the German press are not far from the truth.

The IMF are out with their latest world forecasts and they’re bullish too;

  • World GDP 2017 3.6% vs 3.5% prior. 2018 3.7% vs 3.6% prior
  • US GDP: 2017 2.2% vs 2.1%. 2018 2.3% vs 2.1% prior*
  • Eurozone 2017 2.1% vs 1.9% prior. 2018 1.9% vs 1.7% prior
  • China 2017 6.8% vs 6.7% prior. 2018 6.5% vs 6.4% prior
  • Japan 2017 1.5% vs 1.3% prior. 2018 0.7% vs 0.6%

*US was originally listed as unchanged by Reuters.

The IMF’s world growth upgrade is due to better fortunes in China and the US.

IMF’s Obstfeld is leading the presser;

  • Global economic recovery is continuing at a faster pace
  • Policy makers should seize moment on economic recovery
  • Seen puzzingly low inflation in some nations, which reflects wages
  • US upgrade was based on strong H1 not tax plans

All is right in the world outside the IMF’s windows.

Ryan Littlestone
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