Economics

Germany Lifts Economic Outlook, But Says Better Is Needed

  • Government’s 2020 forecast raised to 1.1%, 2021 seen at 1.3%
  • More than 160 billion euros to be invested through 2023

Skyscrapers stand in the financial district in Frankfurt.

Photographer: Alex Kraus/Bloomberg
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Germany’s government raised its growth projection for this year and pledged investment to keep Europe’s largest economy competitive as it turns more digital and climate-aware, and its population ages.