The German economy is likely to see a 3% growth this year amid improved business morale over the past three months, according to a business survey conducted by the German DIHK Chambers of Industry and Commerce said on Wednesday.
Key findings
“The DIHK's updated growth forecast compares with its previous estimate of 2.8% projected in February.”
“The DIHK forecast is less optimistic than the government's projection of 3.5% GDP growth this year.”
Market reaction
EUR/USD was last seen changing hands around 1.2215, modestly flat on the day.
