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Germany revises economic growth forecast upwards - report

The changes mirror revised forecasts released by leading German institutes last week
The changes mirror revised forecasts released by leading German institutes last week

The German government has increased its forecast for economic growth in 2017 to 1.9% from an earlier forecast of 1.5%, the domestic Handelsblatt newspaper has reported, citing unnamed government sources.

It said the government had raised its forecast for 2018 growth in gross domestic product to 2% from an earlier forecast of 1.6%.

The changes mirror revised forecasts released by leading German institutes last week.