The Bundesbank assesses the prospects for the German economy is significantly more negative than in June. From today’s point of view for economic growth would outweigh the dangers, said Bundesbank President Jens Weidmann this Friday. The economy is already heavily used and could increase in the coming years, only slightly.

The Bundesbank, expected for 2018 now only a rise in gross domestic product (GDP) of 1.5 percent. In June, they had estimated a growth rate of 2.0 percent. For 2019, they lower their expectations of growth by 0.3 percentage points to 1.6 per cent, as high, the growth will be in the year 2020. For the year 2021, the Bundesbank experts from 1.5 percent.

Overall, expected the Bundesbank, however, the remains of the German economy for the time being in a boom phase. The demographic development, future growth, however. “On the supply side, limits the further increase in employment, and thereby contributes to increasing bottlenecks in the labour market, on the demand side, it dampens the demand for housing and the Investment activity of the companies,” Mr Weidmann said.

For Germany, have recently lowered a number of economic experts to its growth forecasts. Including the economic Institute Ifo, DIW and IfW, and the European Central Bank.

hej/Reuters