Comments by Ifo's economist, Klaus Wohlrabe

  • Strong domestic economy is offsetting uncertainties caused by Brexit and lira crisis
  • Expects full year GDP growth in Germany of 1.8% or 1.9%

Well, if August trade data does show significant improvement then that is indeed a welcome sign for the German economy. But expectations for full year growth remains under that 2% reading, not really a great deal of confidence still following the sluggish start to the year.