Germany raises 2020 growth forecast slightly to 1.1%

BERLIN (AP) — The German government on Wednesday modestly raised its economic growth forecast for the country this year to 1.1%.

Germany’s economy, Europe’s biggest, has grown for 10 consecutive years but last year’s 0.6% growth was the weakest since 2013.

In October, the government predicted growth this year of 1%.

“The economy will develop better this year than was expected last year,” Economy Minister Peter Altmaier said of the new forecast. “Prospects have lightened up — but we cannot be satisfied with the current growth. The current growth figures are still too low.”

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The economy was supported last year by private spending, but export growth slowed and manufacturing was weak.

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