FRANKFURT - On Wednesday, the International Monetary Fund said that the expectations of the UK exit from the European Union represent downside risks to the economic outlook in Germany and in the future may lead to a revision of growth forecasts downward.
"The UK is an important economic partner for Germany, so any changes in the economic relations between the largest economies in Europe and the second largest member of it will not go unnoticed, - said the head of the IMF mission to Germany Enrique Detragiash. - We are considering the possibility of revising the forecast downward. " The chief economist of the Bavarian bank BayernLB Juergen Michels believes that the increased uncertainty associated with the so-called« Brexit », will cost Germany 0.2 percentage points of the total GDP this year and 0.5 percentage points in next year. However, the analyst noted that the decrease in the flow of investment and the volume of trade with Britain would be offset by growth in public spending in the run-up to the general elections in 2017. In its report on Germany IMF urged the government to accelerate the implementation of structural reforms and increased investment in transport and other infrastructure, including the creation of a high-speed connection to the Internet. "Fiscal policy should be aimed at increasing the growth potential and balancing the economy, which will also support in the process of recovery in growth in the euro area", - said the fund. in this year trade surplus of Germany, according to economists, is projected to decline to 8.2% of GDP, compared with a record high of 8.5% last year. according to IMF forecasts, the German economy growth rate will slow to 1.5% next year. The Foundation will publish updated forecasts of world economic growth, and separately by region in mid-July.