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
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
France to trim benefits for jobless as debt pressure mounts
UK Tories pledge to bring back national service for 18-year-olds
South Korea, China agree to launch diplomatic and security dialogue
Chinese military drills around Taiwan have ended: state media
Are these drones too Chinese to pass US muster in an anti-China moment?
The increasing Trumpification of TikTok