The German economy is poised to grow by about 3% this year, after growing at its fastest rate for more than 20 years during the April-to-June quarter. That spurt has led the Bundesbank central bank to raise its growth estimate from its original 1.9%. The bank said conditions for Europe's biggest economy remained favourable and "the economic upward movement should continue in the second half". But it said risks from "developments on international financial markets" exist. Strong export growth, helped by a weaker euro, was behind Germany's quarter-on-quarter growth of 2.2%. As well as the strong contribution from exports, household and government spending also helped to boost that growth in the second quarter. "The pace of growth will normalise after the exceptionally dynamic spring," the Bundesbank said in its new assessment.