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Exclusive: German govt revises 2021 growth forecast up after strong Q4 - source

Exclusive: German govt revises 2021 growth forecast up after strong Q4 - source
Exclusive: German govt revises 2021 growth forecast up after strong Q4 - source   -   Copyright  (c) Copyright Thomson Reuters 2021. Click For Restrictions - https://agency.reuters.com/en/copyright.html
By Reuters

BERLIN (Reuters) – The German government has raised its growth forecast for this year to 3.5%, compared with the 3% growth it was expecting back in January, a source said, adding that the upward revision was justified by a stronger-than-expected fourth quarter.

The source added that the government expected Europe’s largest economy to expand by 3.6% in 2022.

(Reporting by Holger Hansen; Writing by Thomas Escritt; Editing by Mark John and Maria Sheahan)