German institutes revise up 2016 growth forecast to 1.9 percent
- Health, tech stocks extend Wall Street record-setting rally
- Trump's Cohn Pick Most Bullish Sign Yet for Banks - Cowen
- Unusual 11 Mid-Day Movers: (IDXG) (INVN) (EBS) Higher; (SCON) (DTEA) (DLTH) Lower (more...)
- 21st Century Fox (FOXA) offers to acquire Sky for GBP10.75/share
- Coca Cola (KO) Announces James Quincey to Succeed Muhtar Kent as CEO; Kent to Continue as Chairman
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
BERLIN (Reuters) - Germany's leading economic institutes have revised up their 2016 growth forecast for Europe's largest economy to 1.9 percent from 1.6 percent, several sources familiar with a report due to be presented to the government told Reuters on Wednesday.
The institutes revised down their estimate for 2017 growth to 1.4 percent from their previous forecast of 1.5 percent, the sources said.
The German economy expanded by 1.7 percent last year.
The institutes are due to publish their report on the outlook for the economy on Thursday. The institutes' forecasts form the basis for the government's own predictions.
(Reporting by Rene Wagner and Klaus Lauer; Writing by Joseph Nasr; Editing by Michelle Martin)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Inmate coughs, heaves during Alabama execution raising ire over drug
- Bomb kills civilian, injures three police in northern Egypt: security sources
- Turkish court dismisses case over 2010 Israeli flotilla raid: lawyer