Germany's Altmaier: Government to significantly lift 2021 GDP growth forecast of 3%
Germany’s Economy Minister Peter Altmaier said on Thursday that he expects the German government to revise up its 2021 GDP growth forecast significantly from 3%, as reported by Reuters.
"We'll not only be able to stop the economic slump this year but we can reverse it and regain our old strength next year," Altmaier added.
On Wednesday, Reuters reported that Germany's economic institutes will revise their forecast for 2021 economic growth lower to 3.7% from 4.7% amid longer-than-expected coronavirus restrictions.
Market reaction
Germany's DAX 30 Index edged modestly higher following these comments and was last seen gaining 0.25% on the day at 15,245.
Reprinted from FXStreet_id，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.