The German economy is expected to grow slowly in 2013, with a slight increase in 2014 and a stronger growth in 2015. The global economy is also predicted to grow steadily. Private consumption and investment are driving the recovery, with improvements in labor market conditions and low inflation rates. The world economy is projected to grow at around 4 percent in 2014 and 2015. In Germany, exports will pick up as part of the global recovery, leading to increased investment. Job creation will continue, but unemployment rates may rise slightly due to migration. Wages will increase modestly, and inflation is expected to rise gradually.