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Old Posted Jan 8, 2006, 10:15 PM
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DTiger DTiger is offline
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Join Date: Jan 2005
Location: Düsseldorf
Posts: 232
Unfortunately some of them are cancelled.

Growth in the German economy, Europe's largest, is set to accelerate next year, lifted by exports and stronger investment, a report has said.

According to the Ifo research institute, gross domestic product (GDP) will expand by 1.7% next year, compared with an earlier forecast of 1.2%.

Growth also is set to improve in 2005, hitting a higher-than-expected 0.9%.

Germany is emerging from a slowdown and the report is the latest to suggest the recovery is becoming more sustainable.

"The economy really is picking up," said Hans-Werner Sinn, president of the Munich-based research group.

"After five years, there are clear signs that the economic lull has been overcome."

The people are quit optimistic right now and the big pessimism seems to be finally over
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