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German economy experiencing major upturn, annual report says
By EUobserver
The German economy is expected to grow by 2.0% in 2017 and 2.2% in 2018, according to the German Council of Economic Experts' annual report 2017/18, published Wednesday. The report warned of an overheating of the economy, noting production capacities are over-utilised. Euro-area growth would be 2.3 % in 2017 and 2.1 % in 2018, it said, adding that the European Stability Mechanism should not become a transfer mechanism.