German government lowers 2016 GDP forecast

By FXStreet FXStreet (Mumbai) – The latest forecasts released by the German government for 2016 are as under:

2016 GDP forecast lowered to +1.7% vs +1.8% prev

Federal budget will also be balanced in 2016

No need to take in net new debt

State debt ratio will fall below 70% of GDP in 2016
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Source:: FX Street