The Bundesbank has increased its forecasts for German economic growth this year and next as record-low unemployment and a recovering euro area boost consumption.
The upbeat assessment came as data on Friday showed factory orders climbed for a second month in April, rising a better-than-forecast 1.4 per cent. The German central bank sees gross domestic product increasing 1.7 per cent in 2015 and 1.8 per cent in 2016. That compares with December predictions of 1 per cent and 1.6 per cent, respectively.
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