IFO cuts German growth
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MUNICH, Germany: Ifo, Germany's leading economic think-tank, revised downward its forecasts for growth both this year and next year on Tuesday, estimating that the economy 'has been stuck in a fundamental ...
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Germany&#39;s leading economic research institutes are expected to predict a slowdown in economic growth in their autumn reports Tuesday.
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German business confidence appeared to stabilise somewhat in September, with the widely watched Ifo business climate index slipping only fractionally this month, the Ifo economic research institute said.
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Industrial output in Germany fell in November, hit by declining activity in the key manufacturing, construction and energy sectors, data published by the German Economy and Labour Ministry showed.
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The closely watched Ifo Institute index of German business sentiment barely rose in October, a result the institute said Monday illustrated that Germany's current recovery lacked the strength of previous ...
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The International Monetary Fund has cut its forecast for global growth next year slightly amid expectations that the US and Chinese economies will not expand as strongly as previously thought.
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Following the slump in manufacturing orders in Germany in November, industrial output also fell sharply in the eurozone's biggest economy in the same month, suggesting that German growth as a whole likely remained weak in the fourth quarter.
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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 has slashed its public deficit to 1.7 percent of output in 2006 -- much lower than originally estimated -- thanks to the booming economy, official data showed on Thursday.
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German economic growth will slow next year as foreign demand for goods and services cools and unemployment at a five-year high damps consumer spending, the country&#39;s six leading economic research institutes said.
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The German economy grew by 2.5 percent last year, provisional figures released on Tuesday by the national statistics office Destatis showed.
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Business confidence in Germany slipped again in August, but its decline was smaller than feared by analysts, according to a widely-watched index by the Ifo economic research institute published Tuesday.
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Expected 2007 eurozone economic growth is downgraded after the recent markets turmoil.
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The German economy -- the biggest in the 12-country eurozone -- continued to tread water in the fourth quarter, notching up growth that was only fractionaly higher than in the preceding three months, the Bundesbank estimated.
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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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A key indicator of near-term German economic performance plunged this month to its lowest reading since January 2003 against the backdrop of a rising euro and amid increasing signs of a cooling off in economic activity.
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The German government has said surging oil prices are on track to cut economic growth by about 0.25% this year.