Ifo lifts Germany growth forecasts as fiscal and demand offset energy shock
Germany’s Ifo raised its growth forecasts, citing stronger fiscal spending, improving industrial orders and export demand outweighing higher energy prices’ drag.
By Maria MartinezGermany's Ifo economic institute raised its growth forecasts for Europe's largest economy on Thursday, saying stronger fiscal spending, improving industrial orders and export demand were outweighing the drag from higher energy prices.Ifo now expects German gross domestic product to…