Bundesbank sees German economy growing by 1.2 - 1.3 pct in 2005
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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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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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Germany s economy, Europe s largest, grew at the slowest pace in more than a year in the third quarter as exports declined and an increase in domestic demand failed to make up the difference.
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German investor confidence rises in December after touching a 13-year low in November.
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The current party mood that has taken hold of Germany in the wake of the World Cup soccer championship will not be sufficient to give a lasting boost to the eurozone&#039;s biggest economy, Bundesbank President Axel Weber has said.
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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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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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Germany's gross domestic product (GDP) grew by 1.7 percent in 2004 after three years of stagnation, the Federal Statistic Office announced Thursday.
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German Gross Domestic Product grew unexpectedly strongly in the second half of last year.
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Germany's economy is back on a stable path of growth after three years in stagnation and is not immediately threatened by the surge in oil prices, Chancellor Gerhard Schroeder said Wednesday.
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Germany's economy, the largest in Europe, will grow more slowly than expected both this year and next, two top research institutes said Thursday.
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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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The German economy, the biggest in the 12-country eurozone, is currently in party mood, with business confidence at its highest level since unification 16 years ago.
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German economic growth has picked up, lifted by strong export demand. Europe's largest economy grew by 0.5% in the three months to the end of June from the previous quarter and 0.2% from the same period a year ...
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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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Germany's economy, Europe's largest, expanded at the slowest pace in more than a year in the third quarter as increased investment in machinery failed to offset a drop in exports and consumers' reluctance to ...
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The economy will likely pick up in 2007 after output growth slows rapidly in late 2006, according to a survey conducted by the Philadelphia Federal Reserve Bank released on Thursday.