Ger­many gives big boost to 2017 growth out­look

Muscat Daily - - BUSINESS -

The Ger­man gov­ern­ment on Wed­nes­day gave a sub­stan­tial lift to its eco­nomic growth forecast for 2017, say­ing it now ex­pects 2.0 per cent ex­pan­sion rather than the 1.5 per cent pre­dicted in April.

Berlin’s sun­nier out­look for the re­main­der of the year was based on ‘a broad-based re­cov­ery with a solid foun­da­tion in the do­mes­tic econ­omy’, the Econ­omy Min­istry said in a state­ment.

Look­ing ahead to 2018, the min­istry lifted its growth pro­jec­tion to 1.9 per cent, up from 1.6 per cent.

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