This year’s German GDP can exceed 3 percent

The German Industry and Trade Association (DIHK) increased this year’s growth expectation from 2.3% to 3.4% – said Martin Wansleben, the head of the DIHK to Der Spiegel.

According to Martin Wansleben; as the recovery begins to cover every aspects of the economy, domestic demand also grows, while unemployment decreases. In July, the German unemployment rate fell to the lowest level since November 2008, decreasing since the thirteenth consecutive months – reports Népszabadság Online.