German government has improved the outlook for GDP growth in 2015 against the background of record high employment and strong consumption figures, which is supported by low oil prices. Thus, the prediction was increased by 0.2% to 1.5%. In 2014, GDP growth was also 1.5%. By estimations of analysts exports will grow by 3.6%, which is 0.1% less than in 2014. Raising incomes, reducing the euro and the drop in oil prices offset the negative effect of sanctions against Russia, but weak indicators in the euro area remains a threat to the growth of Germany's GDP. Risk for the rise of the indexes in the near future will be the situation with the debt crisis in Greece. Our medium-term outlook for the stock market in Germany was revised to positive after the announcement about the launch of quantitative easing by the ECB in March.