Some Good News for German Economy | Business| Economy and finance news from a German perspective | DW | 21.09.2004
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Business

Some Good News for German Economy

The Organization for Economic Cooperation and Development had some good news for Germany in its latest economic assessment: Germany's economy will grow 1.7 percent this year, 0.6 percentage points higher than initially predicted. The growth will be part of an overall upswing for Europe. The OECD adjusted its prediction for the Euro-zone from 1.6 to 2 percent. The organization said higher oil prices wouldn't dampen growth in the region. The US, in contrast, will not grow as much as initially predicted: 4.3 percent instead of 4.6 percent.