Summary Box: German sees economic strong growth

AP News
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Posted: Oct 21, 2010 5:46 PM
Summary Box: German sees economic strong growth

OKTOBERFEST: The German government more than doubled its economic growth forecast for this year to 3.4 percent.

FROM GERMANY MIT LIEBE: German exports have brought the economy roaring back and there are also signs that a strong labor market is pumping up domestic demand.

WHAT COULD GO WRONG? The 16-nation euro has risen by some 20 U.S. cents to around $1.40 since hitting multiyear lows in June, raising concerns about the future competitiveness of European exports, including Germany's.