Eastern German Economy Catching Up

The former communist east is projected to grow faster than the west in 2008. Manufacturing is particularly dynamic

Oil and food prices may be skyrocketing, but the German economy is growing apace this spring. And according to the head of the German Chambers of Industry and Commerce (DIHK), the economy of former East Germany will grow faster than in the west in 2008 — meaning the formerly communist east is catching up.

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