11 Feb 2015
German Chamber of Commerce raises 2015 GDP forecast
FXStreet (Mumbai) - German DIHK, the association of German Chambers of Commerce and Industry, in its latest report, raised its 2015 German GDP forecast to 1.3%, from the previous forecast of 0.8%.
The exports are expected to rise by 5%, while imports are expected to rise 6%. The group surveyed 27K firms, which sounded optimistic due to lower oil prices and better sales prospects.
However, the upward revision of the German GDP has not helped the shared currency. The EUR/USD pair continues to unchanged at 1.1320 as markets remain focused on the Greek debt issue.
The exports are expected to rise by 5%, while imports are expected to rise 6%. The group surveyed 27K firms, which sounded optimistic due to lower oil prices and better sales prospects.
However, the upward revision of the German GDP has not helped the shared currency. The EUR/USD pair continues to unchanged at 1.1320 as markets remain focused on the Greek debt issue.