Weak German Growth Prompts Euro Zone Forecast Cuts
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High oil prices dealt Germany&#39;s economy an unexpectedly severe blow in the third quarter, data showed on Thursday, leading economists to trim their growth forecasts for the 12-nation euro zone.
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Germany's economic recovery will continue at a slower pace than expected, an economics institute said Tuesday as it lowered its 2005 growth forecast to 1.4 percent from 2.1 percent.
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The euro-zone economy grew by 0.5 percent in the second quarter of 2004, a touch slower than in the first three months of the year, according to initial estimates released Tuesday by the European Union.
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BERLIN  - A German research institute lowered its economic growth outlook for Germany for 2005 on Tuesday, saying exports are expected to slow and domestic demand will not rise enough to make up the difference.
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Germany's economy minister said the government must lower its 2008 economic growth forecast, according to an interview released Wednesday.
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German business confidence is tumbling amid mounting fears about the impact of the euro&#39;s rise against the dollar, according to the closely-watched Ifo economic institute survey.
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Business confidence in Germany, Europe&#39;s largest economy, fell to its lowest level in more than a year in November as the euro&#39;s climb to a record high against the dollar threatened exports and unemployment at a five-year high crimped consumer spending
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A German research institute lowered its economic growth outlook for Germany for 2005 on Tuesday, saying exports are expected to slow and domestic demand will not rise enough to make up the difference.
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The growth of German exports, which have driven the country's recovery this year, will slow in 2005 amid an expected cooling in world economic growth, a leading industry group forecast Friday.
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The eurozone economy got slapped with a wave of bad news that highlighted a third-quarter slowdown, a decline in industrial activity and a stagnant job market.
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Germany's economic recovery will slow in 2005 as high oil prices and the strong euro threaten Europe's largest economy, the government's council of economic advisers said Wednesday.
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German economic growth will slow next year as foreign demand for goods and services cools and consumers hesitate to increase spending, the country&#39;s six leading economic research institutes said.
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FRANKFURT : Business leaders in Germany appeared wary about the outlook for the eurozone&#39;s biggest economy, as the German government insisted that the current recovery would continue, even if surging oil prices would brake growth slightly.
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Prospects for a vibrant eurozone economic recovery took a hammering as France joined Germany in reporting flagging momentum and the EU commission trimmed its growth forecast.
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The Bundesbank is forecasting growth of 1.2 - 1.3 percent for the German economy next year, much less than the government's official forecast of 1.7 percent.
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FRANKFURT  - The modest recovery of the German economy ran out of steam in the third quarter, official data showed, as exports, previously the main driving force behind growth of the eurozone&#39;s biggest economy, slumped on the back of the global
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Business confidence in Germany, Europe&#39;s largest economy, has fallen to its lowest level in more than a year, over concerns at a strengthening euro.