German Economic Council significantly revises up growth forecast, chair says
EWG•Germany's Council of Economic Experts significantly raised its growth forecasts, citing a quicker-than-expected recovery from energy shocks linked to the Iran war. Chair Monika Schnitzer pointed to strong exports and government spending but gave no figures.
1. Forecast raised
The Council of Economic Experts significantly revised up its growth forecasts for Germany, citing a quicker-than-expected recovery from energy shocks created by the Iran war. Chair Monika Schnitzer said the upturn was driven by surprisingly strong exports and high levels of government spending; she did not give exact figures.
