- 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.
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