GERMANY: Government Upwardly Revises GDP Projection
Oct-08 12:40
German growth will be 0.2% in 2025, 1.3% in 2026 and 1.4% in 2027 according to the autumn economic projections of the German Economy ministry. These represent upwards revisions from 0.1% and 0.8% for 2025 and 2026 respectively in the last (spring) projection.
- Government expenditure is seen rising 6.1% Y/Y in 2025, 5.1% in 2026 and 2.2% in 2027. These figures are clearly higher than where they stood in the spring projection (which was published on 24 April, so after parts but not all of the recent fiscal expansion were passed in parliament) and may thus drive a decent part of the overall more optimistic growth outlook.
- Full release here: https://www.bundeswirtschaftsministerium.de/Redaktion/DE/Downloads/E/eckwerte-der-herbstprojektion-2025.pdf
- Economy minster Reiche is speaking currently: https://www.youtube.com/live/3uV77lKiqg4
- A reminder that yesterday, the fiscal projection of the German "Stability Council" found that "the Maastricht debt ratio could rise to around 80.25% of GDP by the end of the projection period in 2029" in Germany. This compares with a realised debt ratio
of 62.5% of GDP in 2024.
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EURIBOR OPTIONS: Recent Euribor Trades
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Recent Euribor trades highlight divergences in opinion in the path for ECB policy rates:
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Sep-08 12:31
Download Full Report Here
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Full Article: US DAILY BRIEF
