(MENAFN- Saudi Press Agency) Germany's leading economic institutes on Thursday dramatically raised their growth outlook for Europe's biggest economy this year as both exports and private consumption are on the upswing, dpa reported.
The German economy is expected to expand 2.1 per cent, thanks to a
slump in oil prices and a weaker euro, the four institutes - Berlin's
DIW, Munich's Ifo, Essen's RWI and the Halle research group - said in
improving their October forecast of 1.6 per cent.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.