Germany outlook brightens as demand offsets global risks

Berlin

THE outlook for the German economy, Europe's biggest, is looking brighter this year and next as robust consumer demand offsets external risks, the country's five leading economic institutes said on Wednesday.

"The German economy is already in the fifth year of a moderate upturn," the think-tanks - Ifo, RWI, DIW, IWH and IfW - wrote in their annual spring report.