German DIHK business survey points to 3% growth in 2021

Dhwani Mehta FXStreet

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.”

Market reaction

EUR/USD was last seen changing hands around 1.2215, modestly flat on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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