German economic growth set to hit 3%

Germany’s economy will grow by 3% in 2010, according to a sharply upward revised Bundesbank forecast issued in August 2010 as investors pushed the cost of borrowing by its government towards fresh record lows.

Separately, the German Chamber of Commerce and Industry (DIHK) said it expected record growth of 3.4% in 2010.

GfK: Press Release, 26.8.10: German consumer climate slightly on the upswing http://www.gfk.com/group/press_information/press_releases/006405/index.en.html

Ifo Institute: Press Release, 25.8.10: Further Rise in the Ifo Business Climate Index Ifo Business Climate Germany - Results of the August 2010 Ifo Business Survey (25 Aug 2010) http://www.cesifo-group.de/link/KT_08_2010.pdf

BBC News, 19.8.10: Germany's economy 'to grow by 3%' http://www.bbc.co.uk/news/business-11026441

Deutsche Welle, 22.8.10: Business group forecasts record growth for Germany http://www.dw-world.de/dw/article/0,,5932647,00.html

ESO: Background information: Merkel to stick with cuts despite growth http://www.europeansources.info/record/merkel-to-stick-with-cuts-despite-growth/

Handelsblatt, 25.8.10: The German locomotive is back, but alone (via PressEurop) http://www.presseurop.eu/en/content/article/323711-german-locomotive-back-alone

Spiegel Online International, 24.8.10: How Germany's Export Strength Helps its Neighbors http://www.spiegel.de/international/europe/0,1518,713503,00.html

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