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Germany's central bank Friday raised its growth outlook for Europe's biggest economy, despite the eurozone's ongoing debt crisis.
Writing in its latest monthly bulletin, the Bundesbank said the
country's economy should expand this year by 1 per cent - up from a
previously estimated 0.6 per cent.
"All in all, the economic picture in Germany is significantly more
favourable than in most other European economies," Bundesbank chief
Jens Weidmann wrote in the report.
However, the bank trimmed its gross domestic product forecast for
2013 to 1.6 per cent from its original estimate of 1.8 per cent.
