14 April 2011 14:44 [Source: ICIS news]
The increase for 2011 would come after 3.6% growth in 2010 and a 4.7% decline in 2009 from 2008.
“We have overcome what used to be an almost traditional weakness in German domestic consumption – growth rates in private consumption are significantly higher now than in the last 10 years,” he said.
For 2012, the economics minister forecast
Germany's exports are expected to increase 7.5% in 2011 and 6.5% in 2012. In 2010, exports rose 14.1% after declining 14.3% in 2009 from 2008 during the economic and financial crisis.
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