12 August, 2020

German growth seen at about 2 pct in 2018 – economy minister

PARIS (Reuters) – The German economy is on course to grow roughly two % this season, Economy Minister Peter Altmaier said inside a newspaper interview published on Tuesday.

"Growth has slowed in lots of European countries at the start of 12 months but we remain optimistic. German growth will reach essentially 2 % in 2018. Which will be a 100 % exceptional level," Altmaier told French daily Le Figaro.

The government had flagged expectations in April for increase of 2.3 % this year, and Altmaier had confirmed that forecast as recently as a few weeks ago.