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Germany may grow twice as fast this year as earlier thought, Bundesbank says
FRANKFURT: The German economy could grow around 1percent this year — roughly twice as fast as the most recent projections — driven by robust export demand and government investment, Bundesbank President Joachim Nagel said on Friday. Germany, the world’s third-largest economy, has barely expanded for the past three years and the Iran war is expected to weaken it further, as expensive energy hits its industries. But output has been surprisingly resilient and the country is in a cyclical upswing, even if its potential growth remains sluggish, Nagel said in a speech in Frankfurt. “It’s quite possi...
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