GDP growth could average 3.3 percent in 2010
The Rand Merchant Bank Research unit said it forecasts GDP growth to average 3.3 percent in 2010 and 2011 as it expects a modest consumer recovery, a rebuilding of inventories and a moderate pick up in investment.
The German government sharply raised its 2010 economic growth forecast to 3.4 percent from April's 1.4 percent, as the economy strongly bounced back due to surging exports and falling unemployment, Economics Minister Rainer said here Thursday.