With the revival of consumer spending and a boost in the exports to China and some other Asian countries, the economy is due to grow like never before, the German Government has stated.
The year 2010 is likely to see a growth in Europe’s largest economy, by as much as 3.4%, whereas for the next year a growth by 1.8% has been estimated. An expansion of 1.4% and 1.6% respectively has been forecasted by the Economy Minister.
Last year, the foreign demand for machines and cars in the second quarter is said to have offered tremendous help to get Germany out of recession.
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