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    25.01.2016 14:15 Bundesbank’s Monthly Report: low oil prices could boost the economic growth in Germany as consumption could rise

    The German Bundesbank said in its monthly report on Monday that low oil prices could boost the economic growth in Germany as consumption could rise.

     

    "Persistently low oil prices could also additionally boost domestic demand owing to the attendant purchasing power gains, the Bundesbank noted.

     

    The Bundesbank also said that the industry could contribute the economic activity as new domestic and foreign orders received by industry increased.


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