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Bundesbank lifts German growth outlook for 2016, 2017

The German economy should expand by 1.8 percent in both 2016 and 2017, according to an estimate from the BundesbankEurope’s largest economy Germany is “on a sound upward path” for faster-than-expected growth in 2016 and 2017, its central bank said Friday, but remains at risk from Donald Trump and Brexit. Germany’s “main driver is buoyant domestic demand, which is being bolstered by the favourable situation in the labour market and by rising household income,” Bundesbank president Jens Weidmann said in a statement accompanying the semi-annual report.

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