DIW Raises German Economic Growth Forecasts as Exports Beat Expectations
32 Articles
32 Articles
Several economic institutes have surprisingly significantly increased their economic forecasts for this year. However, the federal government must not fall into cheering mode.
DIW raises German economic growth forecasts as exports beat expectations
According to the Deutsches Institut für Wirtschaftsforschung (German Institute for Economic Research), economic prospects have improved significantly within a few months. Although growth is expected to be much higher in the next two years, the overall level is still modest.
The German economy will grow by 1.2 percent this year, the German Institute for Economic Research (DIW) said in its autumn outlook on Wednesday. It improved its summer forecast, which had predicted growth of 0.5 percent. According to the DIW, the German economy has proven to be more resilient than initially thought.
The German Institute for Economic Research (DIW) has raised its economic growth prospects in Germany during the current year to 1.2 per cent.
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