Germany’s 2018 GDP growth forecast raised to 2.3% - report

Reuters is out with the key highlights from a report by the German Council of Economic Advisers.

German 2018 GDP growth forecast raised to 2.3%

Previous report forecast was 2.2%.

Q1 GDP to grow 0.6%, Q2 to grow 0.5%.

GDP to grow 1.8% in 2019.

German debt to drop below 60% of GDP by the end of 2019.

ECB starting exit from the expansive policy is overdue.

The economy faces increased risks including the outcome of the Italian election, Brexit uncertainty, and US tariffs.

Spiral of protectionist measures would have a clear negative impact on global economy.