German economy set to thrive despite Brexit, driven by domestic growth.
The German economy is expected to keep growing despite challenges from other countries. GDP is predicted to increase by 1.7% in 2017 and 2.1% in 2018. The growth will mainly come from domestic spending, with consumer expenses rising due to higher incomes and low prices. Investments are also expected to increase, especially in construction, thanks to favorable financing conditions. Although uncertainty from events like Brexit may slow down business investments for now, they are expected to pick up as capacity utilization increases.