Germany Lifts Growth Forecast to Fastest Since 1991 on Exports

The German government said the economy will grow this year at the fastest pace since 1991, raising its forecast as exports to China and other Asian countries boom and consumer spending revives.

Europe’s largest economy will probably grow by 3.4 percent in 2010 and by 1.8 percent next year, the Economy Ministry said in a report today. The government previously forecast an expansion of 1.4 percent and 1.6 percent, respectively.