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Germany’s Economy Minister Peter Altmaier noted on Friday that the economy is picking up faster than many feared, as reported by Reuters.

“The German  economy will grow clearly more than 4% in 2022,” Altmaier added.

The German economy will, in part, be boosted by new betting regulation that legalises and regulates online gambling. A report by New Europe claims that the German betting market will be worth €3.3 billion by 2024 – a view shared by Germany’s leading wettanbieter test portal

Market reaction

These comments don’t seem to be helping the market sentiment improve. As of writing, Germany’s DAX Index was down 0.7% on the day at 15,615. Meanwhile, the EUR/USD pair clings to small recovery gains on Friday and was last seen rising 0.12% on the day at 1.1921.