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    17.06.2016 10:09 Germany's Ifo institute upgrades its growth forecasts for Germany

    17.06.2016 10:09

    Germany's Ifo institute upgrades its growth forecasts for Germany

     

    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.

     

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