Germany's central bank lifts growth forecast
BERLIN (AP) - Germany's central bank has lifted its growth forecast for the country's economy this year and next, pointing to healthy domestic demand as unemployment remains low.
The Bundesbank predicts that the economy, Europe's biggest, will grow by 0.5 percent this year and 1.7 percent in 2014. That is up from its forecast in June for 0.3 percent expansion this year and 1.5 percent next year.
The bank expects the economy will expand by 2 percent in 2015. Germany's performance over recent quarters, though unspectacular, has been much better than that of many other European countries.
Bundesbank President Jens Weidmann said Friday that low unemployment and low interest rates, among other factors, are supporting private consumption, and exports and imports should be bolstered by growth in other industrial countries.
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