Bundesbank raises Germany's 2014 growth forecast

|By:, SA News Editor

Bundesbank has raised its growth forecast for Germany today, expecting a growth of 1.9% this year, replacing the December forecast of 1.7%.

As the euro zone's largest economy, Germany has been looked to as a source of euro zone recovery, especially given the ECB's cut yesterday to the deposit rate below zero.

The Bundesbank growth forecasts for 2015 and 2016 are unchanged at 2% and 1.8% respectively.

ETFs: EWG, EWGS, DBGR, DXGE, GERJ, FGM, HEWG,BUND, BUNL, BUNT, GGOV