Bundesbank lifts German growth forecast

The Bundesbank said Thursday that Germany's economy is on track to generate growth of around 3% for 2010 and that there is little chance of the United States going back into recession.

The report by Germany's central bank helped lift U.S. stock index futures, while European shares extended gains. See Europe Markets. Read Indications. The Bundesbank previously had forecast the German economy, Europe's largest, would expand by 1.9% this year. The boost in the outlook comes after data last week showed second-quarter growth rate for gross domestic product of 2.2%, the strongest quarterly rise in 20 years. Read about German GDP growth.

The risk of the U.S. economy slipping into a double-dip reces

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