11.02.2015 - Forecasts for GDP growth In Germany have been improved
German Chamber of Commerce published a report according to which the decline in oil prices and the decline of the euro had a positive impact at German companies. According to forecasts, economic growth will be stronger in 2015 than in 2014. Earlier in the Chamber predicted growth by 0.8%, but raised its forecast to 1.3%. We recall that the German government predicts growth of 1.5%. Negative factor for the country remains the crisis in eastern Ukraine, and sanctions against Russia. It should be noted that the Chamber of Commerce forecast the growth in exports in Germany by 5.0% in 2015, compared to 3.7% in 2014. This fact, as well as the launch of quantitative easing leads to improving forecasts on the stock market in Germany with growth potential by 10-15% by the end of the year.