WASHINGTON -- Germany's nominal gross domestic product is likely to overtake Japan's this year, with the weak yen and inflation in Europe pushing up the value of Germany's gross domestic product in U.S. dollar terms, according to a forecast by the International Monetary Fund.
The figures were presented in the fund's recently published World Economic Outlook. Nominal GDP indicates the level of economic activity in a country or region, including changes in the prices of goods and services. It is often used as an indicator of the size of a country's economy.
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