Supported by robust employment, consumption, construction and exports, Germany’s growth momentum is expected to remain strong. The general government budget is set to remain in surplus and the gross debt-to-GDP ratio to further decline. Policy uncertainty, including the trade policies of major trading partners, represents a downside risk to the growth forecast.
|GDP growth (%, yoy)||1,7||1,9||1,6||1,9|
|Inflation (%, yoy)||0,1||0,4||1,7||1,4|
|Public budget balance (% of GDP)||0,7||0,8||0,5||0,3|
|Gross public debt (% of GDP)||71,2||68,3||65,8||63,3|
|Current account balance (% of GDP)||8,5||8,5||8,0||7,6|