Berlin to revise up growth forecasts for 2006

13th April 2006, Comments 0 comments

13 April 2006, BERLIN - The German government is set to revise up its 2006 growth forecast for Europe's biggest economy to between 1.6 and 1.7 per cent, officials told Deutsche Presse-Agentur Thursday.

13 April 2006

BERLIN - The German government is set to revise up its 2006 growth forecast for Europe's biggest economy to between 1.6 and 1.7 per cent, officials told Deutsche Presse-Agentur Thursday.

Previously Berlin had predicted a growth rate of 1.4 per cent for this year.

The government's upward revision in the expected growth rate comes in the wake of a string of private economists raising their growth forecasts for the year with some predicting the expansion rate could hit about two per cent during the coming months.

A growth rate of about two per cent is more than double the expansion rate chalked up by Germany in 2005.

The Minister for Economics and Technology Michael Glos is due to release the new growth figures at end of the month.

DPA

Subject: German news

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