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    24.11.2015 09:11 German IW Institute: Germany’s economy is expected to expand 1.5% in 2016

    According to German IW Institute, Germany's economy is expected to expand 1.5% in 2016, compared to a 1.75% growth forecasted in 2015.

     

    Private consumption is expected to rise 1.5% in 2016, compared to a 2.0% gain forecasted in 2015.

     

    The institute expects the unemployment rate to be 6.5% in 2015 and 2016.


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