Domestic demand, eurozone recovery lift German growth

Berlin

VIBRANT domestic demand and strong export growth fuelled by a recovery in the eurozone will boost growth in Germany this year and next, the Ifo economic institute said on Tuesday, raising its 2017 growth forecast for Europe's largest economy.

"We're experiencing a first half which is so strong that the impetus will carry on into the coming year," Timo Wollmershaeuser, head of economic research at Ifo, said in a statement.