April 12, 2019 / 12:04 PM / 8 days ago

German fiscal stimulus to boost 2019 growth - Weidmann

FILE PHOTO: German Bundesbank President Jens Weidmann presents the annual 2018 report in Frankfurt, Germany, February 27, 2019. REUTERS/Kai Pfaffenbach

WASHINGTON (Reuters) - Germany is running expansionary fiscal policies to counter a slowdown in economy growth and the stimulus will boost growth significantly this year, Bundesbank President Jens Weidmann said on Friday.

“Fiscal policy, as the minister said, is already expansionary in Germany and we estimate the impact of fiscal policy on GDP for this year to be between one quarter to one half percentage point,” Weidmann said at a joint news conference with Finance Minister Olaf Scholz.

Reporting by Balazs Koranyi; Editing by Janet Lawrence

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