The German economy, Europe's biggest, stands rock solid in the current stormy global economic seas, with growth picking up, confidence on the rise and its public finances firmly in the black, data showed on Tuesday.
The German economy grew by 0.3 percent in the first quarter of 2015, slightly slower than expected, data published by the federal statistics office Destatis showed on Wednesday.
The German government upgraded its growth forecasts on Wednesday for both this year and next year to 1.8 percent, saying Europe's biggest economy is "in an upturn."
Germany's leading economic institutes sharply raised their growth forecast Thursday, predicting Europe's top economy will expand 2.1 percent this year thanks to cheap oil, the low euro and strong consumer spending.
German business confidence rose to its highest level in eight months in March, as optimism continues to grow about the outlook for Europe's biggest economy, the Ifo economic institute said on Wednesday.
The Organization for Economic Cooperation and Development (OECD) boosted forecasts for Germany's economic outlook on Wednesday, but still urged the need for economic reform worldwide.
