We have been focusing our attention on developing the payment systems in the country for the past thirty five years, starting from the computerization of clearing houses way back in early 1980s. Thanks to all these years’ efforts, today we have a vibrant, innovating, efficient and secured payment eco system in the country.
If oil prices remain at their current low levels, economic growth could prove to be markedly higher this year and next, since the low price of oil has the effect of a small stimulus package. However, despite the current strength of the German economy, major challenges lie ahead. In particular, unfavourable demographic trends will have an impact on future growth.