German gov't expects about 1.5% growth this year and next: source

[BERLIN] The German government expects the economy to grow by around 1.5 per cent this year, compared with its previous prediction for 1.3 per cent, a government source told Reuters on Monday.

The source said Berlin expected Europe's largest economy to expand by around 1.5 per cent in 2016 as well - on a par with its performance in 2014.

Economists say lower oil prices and a weak euro should help Germany, a major exporter, this year.

REUTERS