Germany’s DIHK: 2016 GDP growth forecast raised to 1.9% vs 1.5%

Germany's DIHK Chambers of Industry and Commerce raised its 2016 GDP growth forecast to 1.9% from 1.5% last, while 2017 GDP growth is seen at 1.2%. Although it said that longer-term outlook remained clouded, Reuters reports.

Germany's DIHK noted, "Weak growth in many regions of the world and political crises are further weighing on the outlook of exporters. Investments are lacking worldwide and this is having an impact on German exports."