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Germany’s Federation of Industries maintains 2015 GDP forecast at 2%

Germany’s Bundesverband der Deutschen Industrie (Federation of Industries) maintained its 2015 GDP forecast at 2%, despite growing pessimism from other groups on account of China slowdown.

The group said there is no need to panic about a slowdown in China and that the world’s second largest economy shall continue to boost German economy.

Last month, at the ECB presser at Malta, President Draghi acknowledged Germany’s vulnerability to slowdown in China. Draghi said Germany’s export to China amount to 10% of its total exports.

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