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Germany reportedly to raise economic growth forecast for the year

Reuters is reporting on this, citing a source familiar with the matter. The German government is set to raise its growth forecast for the economy this year to 0.3%, up from 0.2% previously. As for 2025, they see the economy growing by 1.0%.

On the inflation front, the government expects inflation at 2.4% this year. And that is down from the previous forecast of 2.8%.

This article was written by Justin Low at www.forexlive.com.

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