The BDI industry association of Germany is more positive about the prospects for Europe’s biggest economy than it was three months ago due to cheap oil, strong private consumption and a weak euro, its president said on Sunday.

BDI President Ulrich Grillo told Handelsblatt business daily that for this year, they expect gross domestic product (GDP) growth of about 2 percent. In January, the group forecast growth of 1.5 percent.

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