Moody's revising up Germany and France forecasts for both 2017 and 2018

  • Germany 2017 GDP growth forecast revised up to 2.2%, previously 1.6%
  • Germany 2018 GDP growth forecast revised up to 2.0%, previously 1.6%
  • France 2017 GDP growth forecast revised up to 1.6%, previously 1.3%
  • France 2018 GDP growth forecast revised up to 1.6%, previously 1.4%
  • Euro area GDP growth forecast of 2.1% in 2017, and 1.9% in 2018

Statement by Moody's:

  • Euro area expected to grow around 0.3% faster in 2017 and 2018
  • Euro area to achieve above-potential growth over the next 2 years
  • Expects monetary policy to be less supportive in 2018, if growth momentum remains intact