The Bundesbank has raised Germany’s economy outlook for 2011, increasing its projected GDP outlook for the year to growth of 3.1%, according to Bloomberg. That’s up from the bank’s original 2.5% projection.
The central bank also upgraded its outlook for 2012, from 1.5% growth to 1.8% growth.
Problems persist in Europe’s fringe, but it’s core is still lighting things up. Today’s projections explain why ECB President Jean-Claude Trichet felt at liberty to signal a rate hike yesterday.
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