The growth is expected to continue, lifted by the double stimulus of low energy prices and quantitative easing by the ECB. The EPI grades Germany’s current economic performance at A level, with the EPI score projected to be close to 96% in 2016.

GDP growth is projected to remain around 1.6% in 2016, with private consumption should be the largest contributor to growth, underpinned by a strong increase in real disposable income. Exports are also expected to support the momentum, while Inflation should remain subdued in the medium term. The unemployment level remains below 5% and the government run a small budget surplus.

The 5-Minute Economist projects Germany’s EPI score to decline only slightly in the medium term from almost 97%, or an A level currently to 95.8% or an A- level by 2020, mainly driven by a gradual pick-up in inflation.