Forecasters at the Berlin-based DIW economic research institute have raised their growth outlook for Germany, with rising private consumption accounting for the upturn. Growth in Europe’s biggest economy is now expected to be 0.3% for this year, DIW said on Friday. That is still modest, but an improvement over the institute’s previous forecast in March of 0.1%. The rate is expected to accelerate to 1.3% for 2025. DIW said households in Germany are likely to feel more income security in the coming months, which in turn should fuel overall economic activity. DIW attributes this confidence to one…