EU Forecasts German Growth Rate of 1.2% This Year, 1.6% in 2011, Welt Says

The European Commission forecasts that Germany’s economy will grow 1.2 percent this year, compared with a 1.4 percent projection by the German government, Die Welt reported, citing Marco Buti, the commission’s head of economics.

The European Union will grow 1 percent this year, and German growth will reach 1.6 percent in 2011, the newspaper cited Buti as saying.

To contact the reporter on this story: Cornelius Rahn in Frankfurt at crahn2@bloomberg.net

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