IMF: Will not yet revise German GDP forecast after better than expected first quarter

0
22
© Reuters. FILE PHOTO: Aerial view of containers at a loading terminal in the port of Hamburg© Reuters. FILE PHOTO: Aerial view of containers at a loading terminal in the port of Hamburg

BERLIN (Reuters) – The will not yet change its growth forecast for Germany after first quarter growth came in stronger than expected, its mission chief for Germany said on Friday.

The positive development, a 0.4% quarter-on-quarter growth rate according to an official flash estimate, might have been driven by one-off effects, ’s Enrica Detragiache said.

The IMF expects a full-year growth rate of 0.8% in Germany.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, ) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the , is one of the riskiest investment forms possible.

Article continues below Advertisement...

Source: Investing.com