×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: EU | Germany | Economy

Germany Trims 2017 Growth Forecast to 1.5 Percent

Germany Trims 2017 Growth Forecast to 1.5 Percent

Wednesday, 20 April 2016 10:07 AM EDT

BERLIN (AP) — The German government says it's trimming its growth forecast for 2017 due to fragilities in the global economy.

Economy Minister Sigmar Gabriel said Wednesday that Berlin now expects Europe's biggest economy to grow 1.5 percent, down from the 1.8 percent it had predicted in October. The forecast for 2016 is unchanged at 1.7 percent.

Gabriel said that "the upswing of the German economy will continue in this and in the next year."

He says Germany expects a record number of people employed in 2017, though he's also predicting an uptick of 110,000 in those unemployed because of "the gradual integration of the refugees into the job market."

Germany saw an estimated 1.1 million migrants and asylum seekers enter last year though the numbers have tapered off.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
The German government says it's trimming its growth forecast for 2017 due to fragilities in the global economy.Economy Minister Sigmar Gabriel said Wednesday that Berlin now expects Europe's biggest economy to grow 1.5 percent, down from the 1.8 percent it had predicted in...
EU,Germany,Economy
128
2016-07-20
Wednesday, 20 April 2016 10:07 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved