Exports to Drive Higher Investment and Growth in Germany

The German economy is on a solid growth path despite global uncertainties, the economy minister said on Wednesday, adding that it expects companies to gradually start investing more as exports gradually grow.

The government raised its growth forecast for this year to 1.5 percent from a previous estimate of 1.4 percent. It maintained its forecast for 2018 growth at 1.6 percent.

The economy ministry said the booming construction sector, helped by low interest rates and increased government investments in infrastructure, was providing a strong impulse for the economy.

Reuters

EUR/USD – Euro Hugging 1.09 Ahead of ECB Rate Meeting

Every which way but down

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.