Merkel banks on economic growth

Business
BERLIN — Chancellor Angela Merkel said on Friday she expected German economic growth to reach a similar level this year to the rate in 2010, when it hit 3,6%.

“It will be comparable this year,” she told reporters at a pre-holiday news conference in which she touted her centre-right government’s economic growth record.

“Germany has emerged from the economic crisis and is in better shape than before.”

In late May, Merkel said it was “likely“ that gross domestic product would rise more than 3% this year, in line with the forecasts of most economists and key institutions. — AFP