Sunday September 20, 2020

Bundesbank lowers German growth forecast

Oil slump also slashes inflation rate projection

3rd June, 2016
Bundesbank says Germany 'robust' despite lower forecast Pic Pixabay

Germany’s Bundesbank has lowered its growth and inflation outlook, blaming an unexpectedly low rate of price increases for services and industrial goods and a

renewed oil price slump in the first half of 2016.

The central bank's inflation projection for 2016 has been cut to 0.2 per cent from 1.1 per cent, while next year's forecast has been lowered from 2 per cent to 1.5 per cent.

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