Germany's Bundesbank out with some forecasts for 2018 and 2019
- Sees inflation in 2020 at 1.9%
- Sees persistently high underlying German growth pace
- 2018 GDP growth forecast 2.5% vs 1.7% in June forecast
- 2019 GDP growth forecast 1.7% vs 1.6% in June forecast
- 2018 inflation forecast 1.6% vs 1.4% in June forecast
- 2019 inflation forecast 1.7% vs 1.8% in June forecast
A more optimistic forecast for the coming year, and as I mentioned countless times before, is in line with what the politicians/central bankers in Europe have been reiterating - positive Eurozone economic growth.
The rhetoric is now like the norm for all European members, let's see whether or not such optimism for the next year is misplaced when we start getting the data points in the first quarter of 2018.
