Forecast for Germany's GDP growth this year is upgraded to 3%

08/20/2010 | Google

Increasing employment and consumer spending will accelerate Germany's economic growth this year and allow the government to reduce its budget deficit faster than expected, the central bank said. After Germany posted for the second quarter the strongest growth since the fall of the Berlin Wall, the Bundesbank increased its forecast for gross domestic product growth this year from 1.9% to 3%.

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