Germany Raises Growth Forecast to 1.3% This Year and 1.1% Next Year

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Germany Raises Growth Forecast to 1.3% This Year and 1.1% Next Year
Photo: Ebrahim Noroozi /AP/TT

In the latest forecast, growth was projected at 0.5 percent this year and 0.9 percent next year.

Growth of 1.3 percent this year would - if realized - be the highest German growth rate since 2017.

"The German economy is on a growth path and has proven to be more resilient than expected," the German Finance Ministry wrote in a press release.

According to the forecast, much of the growth ahead will depend on how the geopolitical conflicts in the Middle East and Ukraine develop.

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By TT News Agency. English edition by Sweden Herald, adapted for our readers

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