German economic growth could be 2pc in 2006

6th January 2006, Comments 0 comments

6 January 2006, MUNICH - The respected economic research institute IFO has raised its German economic growth forecast for this year to as much as 2.0 per cent, the weekly Euro am Sonntag reported Friday.

6 January 2006

MUNICH - The respected economic research institute IFO has raised its German economic growth forecast for this year to as much as 2.0 per cent, the weekly Euro am Sonntag reported Friday.

The forecast was now slightly higher than that of the German government, which forecasts a maximum of 1.8 per cent in 2006. Last month IFO raised its forecast to 1.7 per cent. Leading German think tanks had in an autumn report said only 1.2 per cent was likely.

"We expect growth of between 1.5 and 2.0 per cent," IFO economist Gebhard Flaig was quoted saying at the Munich institute. The report was issued to media in advance of publication on Sunday.

DPA

Subject: German news

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