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Europe Live Thursday 23rd May 2013

Encouraging economic outlook for Germany

16th April 2012

According to a study by the German Economic Research Institute (DIW) published in April, the German GDP is due to increase by 1% in 2012 and will increase up to 2.4% in 2013 in spite of the world economic situation. This positive development is said mainly to be due to the healthy labour market, with salaries being reviewed upwards (notably the lowest salaries). Hence consumption should also rise.

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