According to the latest Germany economy forecast published by the International Monetary Fund (IMF) in October 2009 the country's economy will experience its largest contraction in at least the last 29 years (since 1980).
Specifically, the IMF predicts that the German real GDP will shrink in 2009 at an average rate of -5.3%, after having grown by 1.2% in 2008 and 2.5% in 2007.
Germany's economy is predicted to post minimal real growth of 0.3% in 2010, which is expected to accelerate to 1.5% in 2011 and rise to 1.8% by 2013. The graph below presents historical real GDP growth rates for the German economy from 2004 to 2008 and annual forecasts for the period 2009-2013.
Germany Economy Forecast October 2009
Sources: IMF, www.Property-Investing.org
IMF's latest Germany economic forecast predicts also that the inflation rate will drop from 2.8% in 2008 to almost zero over the period 2009-2011 and rise to 0.5% by 2013. The graph below shows historical and forecast inflation rates for the German economy.
Germany Economic Forecast October 2009
Sources: IMF, www.Property-Investing.org
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