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German GDP growth seen topping estimates in 2017, 2018 - sources
April 11, 2017 / 8:51 AM / 8 months ago

German GDP growth seen topping estimates in 2017, 2018 - sources

BERLIN, April 11 (Reuters) - Germany’s leading economic institutes have raised their forecasts for economic growth to 1.5 percent in 2017 from 1.4 percent, and to 1.8 percent in 2018, according to sources familiar with new projections due to be released on Wednesday.

The institutes had previously estimated that Germany’s gross domestic product - which grew by 1.9 percent in 2016 - would expand by 1.6 percent in 2018.

The institutes also project continued increases in employment, with the total workforce expected to increase by 1 million people in both 2017 and 2018, said the sources.

Reporting by Rene Wagner and Klaus Lauer; Writing by Andrea Shalal; Editing by Victoria Bryan

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