Sorry, 1.3% in 2014 not 1.2%
- 2015 cut to 1.2% from 2.0%
Negative impulses from Russia, China and other emerging markets a reason behind the lower estimates and they criticize Merkel’s government saying that their policies hold back growth. They’re also expecting the ECB to keep rates on hold through 2015.
The details come from an amalgamated report from the DIW, IWH, IFO and RWI economic institutes
The German government’s forecasts for GDP ar 1.8% 2014 and 2.0% in 2015
