Germany is looking at a better-than-expected year of growth, and the country is expected to exceed expectations that were forecast in June. It could deliver a nice push to the country’s related exchange traded fund (ETF).
GDP returned to a pattern of growth in the second quarter for Germany, Europe’s largest economy. Rainer Buergin for Bloomberg reports that the Kiel Institute for World Economics is calling for a 4.9% in shrinkage in 2009 for the country. The GDP is anticipated to grow 1% in 2010.
Indicators are improving and many are at low levels, with strong economic supporters to suggest the upward momentum. The European Central Bank won’t need to lower its main lending rate to 0.75%, the Kiel institute said, revising a June prediction. A key interest rate of 1% through 2010 should prevail.
- iShares MSCI Germany Index (NYSEArca:EWG): up 15.3% year-to-date
For more stories about Germany, visit our Germany category.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.