BC: Germany expected to grow more than anticipated.
The country led by Angela Merkel is expected to grow 0,5 percent this year and 1,7 percent next year, compared to June estimates of 0,3 percent and 1,5 percent, respectively; the Central Bank explained that the improvement was mainly due to domestic demand, not foreign demand, benefiting from low interest rates and income growth.
FRANKFURT, Dec 6 (Reuters) Germany's central bank on Friday raised its growth outlook for the eurozone's largest economy for this year and next, highlighting the growing divergence among member countries of the monetary bloc.
The central bank said it expects Germany to grow 0,5 percent this year and 1,7 percent next year, compared to June estimates of 0,3 percent and 1,5 percent, respectively.
The projections also include an expected expansion of 2,0 percent in 2015.
Germany has been a key driver of the eurozone's recovery, which has lost some momentum recently due to weakening economies such as France and Italy.
The Central Bank explained that the improvement was mainly due to domestic demand, not foreign demand, benefiting from low interest rates and income growth.
(Reporting by Eva Taylor)