The strengthening German economy will continue rebalancing towards domestic demand in ---------, amid strong private consumption growth and increased government spending on the migrant/refugee crisis. � and ----, as the economy rebalances towards domestic consumption. ...But the contribution of net exports to growth was significantdragongrowthin----. sound that impressive (growth was an estimated -.- in ----), the underlying story is much morepositive.Higher sound that impressive (growth was an estimated -.- in ----), the underlying story is much morepositive.Higher
...Credit Demand Improving Loans increasing at around -.- y-o-y, likely to remain on upward trend Asset Quality Positive NPLs below -.- of total loans. One of the best ratios in the eurozone Fiscal Budget Balance Positive Even with expected uptick in spending on migrant assimilation, will come in just below - of GDP. ...One of the best ratios in the eurozone Fiscal Budget Balance Positive Even with expected uptick in spending on migrant assimilation, will come in just below - of GDP. Government Debt Declining From a peak of almost -- of GDP in ----, fiscal prudence means debt should fall to below -- of GDP in ---- Prices CPI Declining -.- y-o-y in December ----, being dragged down by cheap oil Core CPI Increasing -.- y-o-y in November, higher than overall CPI rate. Government Debt Declining From a peak of almost -- of GDP in ----, fiscal prudence means debt should fall to below -- of GDP in ---- Prices CPI Declining -.- y-o-y in December ----, being dragged down by cheap oil Core CPI Increasing -.- y-o-y in November, higher than overall CPI rate.
...Germany s growth story will remain positive in ---- and ----, as the economy rebalances towards domestic demand. A robust fiscal position means the country will cope with extra costs arising due to migrant inflows over the coming years. ...
