European Economies: German Institutes Expect Growth to Slow
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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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Eurozone data to be released in the coming week will show inflation is easing, but that the outlook for German growth is deteriorating while British figures should provide clues about future interest rate action, economists said.
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The German economy, which grew strongly in the first half of this year on the back of robust exports, will see a slowdown next year as a result of the braking effects of runaway oil prices and a tailing off of foreign demand for German-made goods, top research institutes warned.
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Germany&#39;s recovery slowed in the third quarter as exports slipped, with the economy growing by 0.1 percent from the previous three months, according to government figures released Thursday.
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Germany's leading economists Tuesday raised their growth forecast for the country to 1.8 percent for this year, but predicted that lower export growth and high oil prices will slow the just-begun recovery next year.
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Euro zone economic growth slumped to its slowest pace for more than a year in the third quarter, prompting economists to warn the European Central Bank (ECB) against any monetary tightening in the near term.
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Growth of the German economy, the biggest in the 12-country eurozone, is expected to slow to just 1.4 percent next year from 1.8 percent expected this year, the government's so-called &quot;Five Wise Men&quot; panel of independent economic advisors forecast.
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Investor confidence in Germany, Europe s biggest economy, probably fell for the first month in three in August amid concern about a global slowdown and surging oil prices, a survey of economists showed.
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Germany's economy minister and a leading economic institute said Wednesday they expect 2008 growth to cool amid rising food and oil prices and fallout from the U.S. subprime mortgage loan crisis.
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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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The economy could be headed for slower growth in the next several months, according to a report released Thursday by a private research group.
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Germany has again lowered its 2008 economic growth forecast and hatched a plan to fend off a possible global recession, Der Spiegel magazine reported in its issue to be released Monday.
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Germany's hesitant recovery slowed in the third quarter as exports slipped, with the economy growing by just 0.1 percent from the previous three months, according to government figures released Thursday.
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Germany experienced the strongest growth in four years in 2004, but weak consumer spending continued to hamper Europe's largest economy, the government statistics office said Thursday.
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According to the Federal Statistics Office, the German economy grew just 0.1% in the three months to September, slower than expected.
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Eurozone experts are growing increasingly cautious about the outlook for growth in the single currency area in the face of the anticipated slowdown of the global economy, a new poll conducted by the European ...
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BERLIN  - The German economy slowed unexpectedly in the fourth quarter of 2004, contracting by 0.2 per cent as domestic demand shrank and outweighed increased exports, the government statistics office said Tuesday.