German govt Fall economic outlook expected
>>> Prior Spring Outlook
- Maintained 2014 GDP growth at 1.8%; exports seen at +4.7% vs. 4.1% prior view; Imports seen at +4.7% vs. +5.0% prior)
- Set 2015 GDP growth at 2.0%
>>> Spring comments:
- Econ Min Gabriel: Ukraine situation is a concern both politically and economically; Germany is not afraid of tougher sanctions on Russia
>>> Recent comments on German growth
- On Oct 10th Fresh speculation circulated that Germany could cut its GDP growth forecasts for both 2014 and 2015
- On Oct 10th Germany Economy Ministry: Outlook for exports remained 'very restrained' in coming months
- On Oct 8th Germany Aug Exports registered that largest decline since Jan 2009 (MoM: -5.8% v -4.0%e)
- On Oct 8th German Leading Economic Institutes (Advisors) cut GDP forecasts for 2014 and 2015
- On Oct 5th IMF cut German 2014 and 2015 GDP growth forecasts citing effects from Ukraine and Middle East crisis
- On Sept 28th Econ Min Gabriel: German 2014 GDP could be below 1.8% official forecast