German recovery already running out of steam: research institutes
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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 leading economic research institutes are expected to predict a slowdown in economic growth in their autumn reports Tuesday.
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Confidence at German companies worsened less than expected in August, the closely-watched Ifo survey showed on Thursday, but the institute&#39;s president said a recovery was still not on solid ground.
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Germany, with its high costs and reluctant consumers, has become a drag on the country's two largest carmakers, DaimlerChrysler and Volkswagen.
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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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Business confidence in Germany slipped again in February, receding further from a 16-year high point in December, as companies become less optimistic about their situation and the outlook for the next six months, a survey showed on Friday.
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Signs of shaky economies in France and Germany have sharpened worries about Europe's less-than-robust recovery - and underscored the struggle to shake up regulation-clogged economies in countries that use the ...
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MUNICH - German business confidence dropped to its lowest level in more than a year in November, a survey of 7,000 executives released on Thursday showed, as industry leaders&#39; concerns deepened about the impact on Europe&#39;s biggest economy of high oil
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BERLIN (Der Spiegel Magazine) -- Seventeen years after German reunification, little remains of the optimism which marked the heady days after the fall of the Berlin Wall. The "blooming landscapes" which then Chancellor Helmut Kohl promised in 1990 have conspicuously failed to materialize, and the former East Germany is still lagging behind the west in terms of economic development. The minister responsible for developing eastern Germany has warned that the region may need up to 20 years before it reaches the level of the west. The main problems are long-term unemployment and right-wing extremism, he says. "The gap is closing, but it is closing far too slowly," Transport Minister Wolfgang Tiefensee, who is responsible for the development of the former East Germany, said Wednesday as he presented an annual report on the progress of the eastern states. It could take up to another 20 years before the quality of life in eastern and western Germany is the same, he said.
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With jobs scarce, the economy stagnant and cherished social programs chopped, a surprising number of Germans have reached the same conclusion: that 15 years after the fall of the Berlin Wall became an ...
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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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German business confidence slipped for a fourth month in five in September, suggesting rising oil prices and stagnant consumer spending may hold back the pace of growth in Europe s biggest economy.
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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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Germany is undergoing a surprisingly robust economic rebound while Angela Merkel's divided government is facing accusations of immobility. Is the recovery sustainable and are the country's leaders missing the golden opportunity afforded by the supportive environment to forge ahead with structural reforms?
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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 economy, the biggest in the 12-country eurozone, was teetering on the edge of its third recession in just four years at the end of 2004, but the outlook for this year is brighter with investor confidence on the rise, data showed.
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A closely-watched index of German business sentiment barely rose in October, showing that the current recovery in Europe&#39;s largest economy lacks the strength of previous upswings.