Germany’s summer of reforms will do little for growth

A range of reforms agreed in the past few weeks may shore up confidence in Germany’s government but they will not have much impact on economic growth. We are forecasting GDP to increase by around 0.7% per year in the coming years but, if anything, the risks to that forecast lie to the downside.

This week we will be holding an online discussion of the outlook for Germany following the 34-point reform plan unveiled by the government earlier this month. (Register here.)