Merkel expects economic growth in 2011 similar to 2010

22nd July 2011, Comments 0 comments

Chancellor Angela Merkel said on Friday she expected German economic growth to reach a similar level this year to the rate in 2010, when it hit 3.6 percent.

"It will be comparable this year," she told reporters at a pre-holiday news conference in which she touted her centre-right government's economic growth record.

"Germany has emerged from the economic crisis and is in better shape than before."

In late May, Merkel said it was "likely" that gross domestic product would rise more than three percent this year, in line with the forecasts of most economists and key institutions.

The Bundesbank central bank expects 3.1 percent expansion in Europe's biggest economy this year while the International Monetary Fund has forecast 3.2 percent growth.

The government's official forecast, reported in April, remains at 2.6 percent but economic data since then have made that prediction seem timid.

© 2011 AFP

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