Exclusive: German government revises 2021 growth forecast after strong fourth quarter

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© Reuters. FILE PHOTO: The skyline with its financial district amid the coronavirus disease (COVID-19) outbreak in Frankfurt

BERLIN (Reuters) – The German government has raised its growth forecast for this year to 3.5%, compared with the 3% growth it expected in January, a source said, adding that the upward revision was justified by a stronger than expected fourth quarter increase. The source added that the government expected Europe’s largest economy to expand 3.6% in 2022.

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