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6/12/10

Bundesbank's brighter German outlook

Germany's central bank has raised its forecast for German growth this year and next as the biggest economy in Europe cashes in on gradual global recovery.

The Bundesbank said in its twice-yearly outlook that it expected German gross domestic product (GDP) to expand 1.9% in 2010, instead of the 1.6% it had expected in December.

Next year, the economy is seen as growing 1.4%, against the 1.2% previously estimated.

For more: RTÉ Business: Bundesbank's brighter German outlook

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