FX & Money Markets

Macroeconomics, monetary policy, FX and money markets
German growth soars, Reuters excels

German growth soars, Reuters excels

If you wanted to know what the German government was expecting its buzzing economy to achieve in 2011 ahead of time, then you had to be a Reuters subscriber. On Jan. 19, Reuters found out 90 minutes ahead of the official release time that the government had raised its 2011 growth forecast to 2.3 percent from a previous 1.8 percent. The euro has climbed since the start of 2011, helped by a string of upbeat evidence from Europe’s largest economy. (see attached chart)

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