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Joint Economic Forecast Spring 2017: Upturn in Germany Strengthens in Spite of Global Economic Risks.
The German economy is already in the fifth year of a moderate upturn. According to the Gemeinschaftsdiagnose (GD, joint economic forecast) that was prepared by Germany’s five leading economic research institutes on behalf of the Federal Government, capacity utilization is gradually increasing, and aggregate production capacities are now likely to have slightly exceeded their normal utilisation levels. Read more...
The G20 should strengthen its commitment for climate protection and take the lead in implementing the Paris Agreement. This is requested by members of the G20 engagement groups Business 20, Civil 20 and Think 20 in a joint statement. The six signatories include the co-chairs of the T20 Task Force “Climate Policy and Finance”, Céline Bak, Amar Bhattacharya and Ottmar Edenhofer, and the CEO of BASF, Kurt Bock. Read the statement
The winners of the Global Economy Prize 2017 have been confirmed. Honored as pioneers of a cosmopolitan, economically liberal, and public-spirited society, this year's laureates are Horst Köhler, former Federal President of Germany, Brunello Cucinelli, Italien fashion designer, Arundhati Bhattacharya, Indian banker and Assar Lindbeck, Swedish economist.
As it enters its fifth year, Germany's recovery remains robust. Various early indicators are trending clearly upward, and industrial order books are full. GDP growth in 2017 is likely to be 1.7 percent, before rising to 2.0 percent in 2018. Growth is no longer being driven solely by consumer spending. Inflation is ex-pected to reach 1.8 percent this year.