October 17, 2018
Latest News

Germany's economic growth seen slowing says OECD

 Automobile train transport crosses a bridge in Frankfurt am Main, Germany, May 4, 2018, with the city buildings on background. EPA-EFE FILE/MAURITZ ANTIN

Automobile train transport crosses a bridge in Frankfurt am Main, Germany, May 4, 2018, with the city buildings on background. EPA-EFE FILE/MAURITZ ANTIN

Berlin, June 12 (efe-epa).- Germany's economic growth is robust but will slow slightly due to capacity constraints, according to the Organization for Economic Cooperation and Development, a report from Dow Jones Newswires supplied to EFE Tuesday said.

In its country report, the organization predicts 2.1 percent growth for this year, after 2.5 percent last year, and a 2.1 percent increase for 2019, in work-day adjusted terms.

Germany's current account surplus is seen to remain high, widening to 8.3 percent of GDP this year, after 8.1 percent last year, and then shrinking to 7.9 percent.

The OECD also warned that Germany's labor market has a high share of jobs at risk of being automated or undergoing substantial changes.

It also called on Germany to index the legal pension age to life expectancy to deal with its demographic problem, according to the Dow Jones report.

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