Economists predict stronger growth in 2015
The Local · 11 Dec 2014, 12:50
Published: 11 Dec 2014 12:50 GMT+01:00
He and his team lifted their projection from 1.2 percent to 1.5 percent growth for 2014.
Confident shoppers are helping to keep the economy on track, Sinn said, with consumption expected to increase by 1.7 percent in 2015 compared with 1.1 percent this year.
Meanwhile, "businesses are looking into the future more calmly" than they have been in recent months.
Ifo is now predicting that the final growth figure for 2014 will come in at 1.5 percent thanks to upwards revisions from the Federal Statistics Office Destatis.