The German government has raised its forecast for the country's economic growth in 2014 to 1,7 percent. According to Berlin, there will be a significant increase in exports. In April, the executive expected a +1,6%. For this year, the estimate remains unchanged: +0,5%.
Germany expects a good performance in exports, a traditional strength of Europe's largest economy, after modest increases this year. The forecast is +0,3% in 2013 and +3,8% next year.
Faster economic growth should stimulate the already healthy labor market. The government announces that the number of employed should rise from the current 41,8 million to 42 million by 2014, with 2,9 million unemployed.
