German Economy Shows Broad Basis for Growth,
German Economy Shows Broad Basis for Growth,
Frankfurt - QNA
The German economy is on a clear path to growth, according to the Institute for the World Economy (IfW), based in Kiel.
The growth was on a "broad basis" and showed "strong momentum," the institute said in its economic forecast. The researchers saw consumption, exports and investment as key drivers in the economy, contributing to greater prosperity, German News Agency (DPA) reported.
Gross domestic product would rise by 1.7 per cent in the current year, slightly under last year's figure, they estimated, adding that growth in 2018 would pick up to reach 2 per cent.
Source: QNA
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