German Economy, Profiting from Mild Climate, Services, Seen Growing by 1.9% This Year, IMF Says
In its quarterly monitor, the International Monetary Fund revised upward its growth expectations for Europe's largest economy to 1.9 percent during 2014 from 1.7 percent. The German juggernaut is not spreading across the euro zone, where the IMF lowered its growth forecasts for France and Italy.
Germany’s robust economy appears to be unbroken, according the International Monetary Fund, which on Thursday said it expected Europe’s largest economy to grow by 1.9 percent this year, up from a 1.7 percent estimate just three months ago.
The fund, which is based in Washington and releases quarterly forecasts on national and global economies, held steady its forecast for European economic growth at 1.1 percent. The IMF said the unchanged value for Europe masked an increasing divergence among countries such as France and Italy, where growth appears to be slowing, or Spain, which like Germany is growing faster than expected.
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