(MENAFN) The German government expects an economic growth of 1.5 percent this year, higher than originally projected, according to a report by the ministry of economy , The Peninsula Qatar reported.
Initially, the government had been penciling in gross domestic product (GDP) growth of 1.3 percent for this year.
Germany has a social market economy with a highly skilled labor force, a large capital stock, a low level of corruption, and a high level of innovation.
It has the largest and most powerful national economy in Europe, the fourth largest by nominal GDP in the world.
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