Germany cuts 2008 growth forecast to 2.0 percent
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Germany, the largest eurozone economy, lowered its 2008 growth forecast Thursday to 2.0 percent from 2.4 percent and its economy minister warned that fallout from a banking crisis could do more damage still.
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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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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 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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French economic growth is expected to dip slightly to 2.1 percent this year from 2.2 percent in 2006, still well below the eurozone average, the national statistics institute INSEE said Friday.
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The International Monetary Fund has cut its forecast for global growth next year slightly amid expectations that the U.S. and Chinese economies will not expand as strongly as previously thought.
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A small contraction in the German economy helped hold growth in the 12-member euro zone to 0.2 percent in the fourth quarter, according to official figures released Tuesday.
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Germany, the world's third-biggest economy, can no longer rely on exports to fuel domestic spending, prompting economists to cut their growth forecasts for next year to as low as 1 per cent.
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BERLIN : 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 ...
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German business morale worsened in December to its lowest since January 2006, hit by a drop in firms' assessment of current business conditions that leaves Europe's largest economy looking weak going into 2008.
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Germans enter the New Year with half of them worrying about economic prospects, a survey reported on Thursday.
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Germany's economy, Europe's largest, unexpectedly shrank in the fourth quarter as domestic spending declined and exports failed to make up the difference.
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The Organization for Economic Cooperation and Development (OECD) on Tuesday cut its 2004 forecast for US economic growth to 4.3 percent but raised its growth predictions for the euro zone and for Japan.
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LONDON, November 11  - Germany witnessed a slowdown in its economic growth momentum during the third quarter this year, with the nation&#39;s GDP growth rate declining to 0.1% from the relatively robust growth rate of 0.4% in the first two
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The European Commission on Tuesday revised upwards its growth forecast for this year, but cut its prediction for 2005 GDP growth to 2.0 percent, in its regular autumn economic outlook report.
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RWE AG, Germany s second-largest utility, cut its profit forecast for this year because of costs for asset sales and higher coal prices.
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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.