The German economy will grow 1.3% next year as demand from abroad picks up, according to the Berlin-based DIW economic think tank.
DIW cautioned that “There is no reason for euphoria…by the end of 2010 economic output will have only reached the level of early 2006.” That’s ofcourse if the forecast is correct.
EUR/USD has rallied to 1.4735 at writing. Next resistance at 1.4745/50.
