The German industry association BDI is confident that steady growth will continue in Germany. It says growth is mainly driven by historically low interest rates, the weak euro, and low oil prices.
The good news continues for Europe’s largest economy. The government has raised its growth forecast on the back of a more positive global outlook and as a result of strong domestic industrial and export figures.
The Federation of German Industries (BDI) has urged businesses in this country to draw up plans for an unregulated exit of Britain from the EU, meaning the UK leaves the bloc without a deal to shape future relations.
Germany exported significantly more goods in August than it imported as the country’s economy continues to show all the signs of powerful growth in the third quarter, easing fears about a strong euro impacting trade.
Germany's leading economic institutes have predicted record budget surpluses over the next two years as Europe's biggest economy will continue powering ahead amid higher-than-expected growth rates.
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