BERLIN – Germany’s economic growth is robust but will slow slightly due to capacity constraints, according to the Organization for Economic Cooperation and Development.
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.