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Bundesbank ups growth forecasts

  • Germany's Bundesbank has increased its growth outlook and now expects the country's economy to expand 0.5% this year and 1.7% in 2014.
  • Previously, the central bank had projected growth of 0.3% and 1.5% respectively.
  • The Bundesbank also forecast that GDP will increase 2% in 2015.
  • The bank said growth is being mainly driven by domestic demand, helped by low interest rates and growing incomes.
  • "The German economy is in good shape: the unemployment rate is low, employment is rising, and wage growth is returning to normal," Bundesbank President Jens Weidmann said. (PR)
  • The DAX is +0.4% and the euro is -0.1% to $1.3657.
  • ETFs: EWG, BUND, EWGS, GERJ, BUNL, FGM, BUNT, DBGR, GGOV, DXGE
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