German economy may grow 1 percent this year
Germany could achieve real economic growth of around one percent this year, driven by strong export demand and government spending. Bundesbank President Joachim Nagel noted this recovery follows three years of stagnation.
Germany expects economic growth of around 1% this year, doubling its previous projection of 0.5% issued in June. Bundesbank President Joachim Nagel cited robust export demand and government spending as primary catalysts during a speech on Friday afternoon. The upward revision follows three years of stagnation for Europe's largest economy.
