Minister says 2011 German growth could top 2%

13th January 2011, Comments 0 comments

German Economy Minister Rainer Bruederle said Thursday national economic growth could top two percent this year, surpassing the official forecast of 1.8 percent.

"There is a good chance for a two before the decimal point," he said in comments reported by his ministry.

Germany's economy, the biggest in Europe, mounted an astounding rebound in 2010 to post record growth of 3.6 percent.

Although the official growth forecast for 2011 stands at 1.8 percent, economists have long given a sunnier outlook.

Finance Minister Wolfgang Schaeuble said separately that Germany was "on the right track" to push its public deficit below three percent of gross domestic product as stipulated by the European Stability and Growth Pact, a limit the country breached in 2009 and 2010.

© 2011 AFP

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