Germany’s Ifo institute upgraded its growth forecasts for Germany on Thursday. Germany’s economy is expected to expand 1.8% in 2016, up from the previous estimate of 1.6%, and 1.6% in 2017, up from the previous estimate of 1.5%. The upward revision was driven by a strong labour market and higher state spending on refugees.
The post Germany’s Ifo institute upgrades its growth forecasts for Germany appeared first on forex-analytics.press.