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Germany's central bank, Bundesbank, has estimated its national economy will grow by around three percent this year, supported by robust second quarter growth. Bundesbank released its monthly report on Thursday and raised its outlook from the previous forecast of almost 2 percent.
Last week, the central bank announced GDP has surged to 2.2 percent, the fastest rate since Germany's reunification two decades ago. The bank expects the economy to continue improving, but at a slower pace. Strong exports have helped Germany's economy power ahead of its European neighbors.