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The German economy is likely to see a 3% growth this year amid improved business morale over the past three months, according to a business survey conducted by the German DIHK Chambers of Industry and Commerce said on Wednesday.

Key findings

“The DIHK’s updated growth forecast compares with its previous estimate of 2.8% projected in February.”

“The DIHK forecast is less optimistic than the government’s projection of 3.5% GDP growth this year.”

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