Economic Overview for May 22, 2015

May 22, 2015

The Growth for German GDP for the first quarter was driven by internal demand; which is the module most of the advanced economies looking to strength it .Expansion of +0.3% for the first quarter. However, for the internal consumption to exceed the net export for Germany economy needs more time to be internal driven economy. The Meeting minutes a Fed Open Market Committee released in Wednesday, many of the participants expressed their belief that it is unlikely to provide the data available in June confirmation enough to fulfill the conditions to raise (interest rates). The minutes of the meeting also showed that most participants expected to accelerate the growth of the US economy after slowing in the first quarter of the year and improved labor market conditions. But Fed officials also pointed to a number of concerns that occupy the central bank's thinking like disappointment that the decline in oil prices did not stimulate consumer spending as much as some had hoped, Meeting minutes show a Fed Open Market Committee with little concern about growth whereas Gross domestic product grew just 0.2%, even though they detailed a laundry list of weak spots that included industrial production, housing and investment.

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