Europe & Russia: Economic overview

December 2017

Germany’s economic growth is forecast to rise in 2017 compared with last year, while growth in the UK will continue to weaken.

Germany’s GDP is expected to grow by around 2.5% this year, an increase from the 1.9% seen in 2016. Although the rate of expansion is set to drop back to 1.9% by 2019, this will still make the country one of Europe’s better-performing major economies. Employment is expected to rise next year, which should result in increased domestic consumption. Greater demand for German exports from other countries in the eurozone is also expected to support German growth. Gas demand in Germany has been growing this year, and the solid expansion in the country’s economy is expected to support gas consumption in 2018.

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