Headlines from the latest monthly report
via Reuters
- Still aims to achieve balanced budget in 2015, 2016 despite rising costs due to refugees
- Says moderate economic upswing in Germany likely to continue in q3
- German companies benefiting from lower oil prices and weaker euro exchange rate
- Says foreign trade in good shape, but slowdown in China, other emerging markets pose downside risks ... "However, there are downside risks for foreign trade which result particularly from the economic slowdown in China and other emerging markets"
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Germany has taken in a huge number of refugees, which may impact on the budget this year and next. Germany is expecting 800,000 refugees this year. A commendable effort.