(Bloomberg) --
Germany’s government sees economic growth of 1.1% this year, up from a previous projection of 1%, according a person with direct knowledge of the matter who asked not to be named.
Europe’s largest economy expanded 0.6% in 2019, its slowest growth in six years, amid global trade tensions that weighed on its export-heavy economy.
The government’s first major assessment of the economic situation this year comes amid signs that Germany is putting the worst of the recent slump behind it. Surveys of activity and manufacturing have picked up, reinforcing the view that the pace of growth may slowly pick up through 2020.
The economy ministry is scheduled to publish its yearly economic report, including the 2020 forecast, this Wednesday.
Reuters had previously reported the 1.1% growth number, while the business daily Handelsblatt last week reported a range of 1.1% to 1.2%.
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