The Traderszone Network

Published in TZ Latest News 12 April, 2015 by The TZ Newswire Staff

BDI industry group sees German growth of 2 percent in 2015

Germany’s BDI industry association is more optimistic about the prospects for Europe’s biggest economy than it was three months ago due to cheap oil, strong private consumption and a weak euro, its president said on Sunday. “For this year we expect gross domestic product (GDP) growth of about 2 percent,” BDI President Ulrich Grillo told Handelsblatt business daily. While expressing concern about economic developments in Russia and Brazil, Grillo pointed to India, the United States, Spain and Britain as bright spots that could help Germany, traditionally strong on exports.

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