German finance min sees 1.6% growth in 2016, document shows

[BERLIN] Germany's finance ministry expects growth of 1.6 per cent in Europe's biggest economy next year, up from an expected 1.5 per cent this year, said the government's Stability Programme report for 2015, seen by Reuters on Tuesday.

The report, to be approved by the German cabinet on Wednesday and then sent to Brussels, also puts average growth for the years 2017-2019 at "a good 1.25 per cent" per year.

Germany's overall debt will fall to below 70 per cent of gross domestic product (GDP) in 2016, one year earlier than previously planned, the document also said.

REUTERS