German institutes more optimistic on growth outlook
Arab Today
Germany's leading economic think tanks on Thursday raised their growth forecast for Europe's top economy this year and next year, but warned of headwinds from new government policies. The four institutes -- Ifo in Munich, DIW in Berlin, IW in Halle and RWI in Essen -- predicted that German gross domestic product (GDP) would expand by 1.9 percent in 2014, up from 0.4 percent in 2013, and then grow by 2.0 percent in 2015.
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