Ifo Institute issued its updated forecasts for Germany and Euro area 2013-2014. Here are the summaries:
As Euro area aggregate forecast shows, the European Century is rolling on with expected 0.4% annual expansion in real GDP in 2013 and 0.9% roaring growth in 2014 expected. Meanwhile, the speedy engine for Euro area growth - Germany - is expected to post 0.8% boom-time growth in 2013 and globally impressive, future path-inspiring expansion of 1.9% in 2014.
Clearly, we must be watching out for a positive output gap emerging soon, as both economies will be overheating in the next 19 months from all this tremendous growth...
As Euro area aggregate forecast shows, the European Century is rolling on with expected 0.4% annual expansion in real GDP in 2013 and 0.9% roaring growth in 2014 expected. Meanwhile, the speedy engine for Euro area growth - Germany - is expected to post 0.8% boom-time growth in 2013 and globally impressive, future path-inspiring expansion of 1.9% in 2014.
Clearly, we must be watching out for a positive output gap emerging soon, as both economies will be overheating in the next 19 months from all this tremendous growth...
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