German business circle shows pessimism on growth
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German business confidence dropped in August, reflecting concerns about economic recovery in the country, a survey made by a leading economic institute showed Thursday.
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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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BERLIN  - Germany's leading economic institutes on Tuesday raised their growth forecast for the country this year to 1.8 per cent, but predicted that the recovery in Europe's largest economy would slow next year amid slowing export growth and high oil prices.
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German business sentiment dipped in August amid concerns over the strength of the country&#39;s economic recovery, a closely watched survey showed Thursday.
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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 is tumbling amid mounting fears about the impact of the euro&#39;s rise against the dollar, according to the closely-watched Ifo economic institute survey.
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German consumer confidence has fallen, hit by concerns over the global credit crisis and higher food prices.
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A key index of German business confidence dropped in November amid worries over the impact of strong euro and high oil prices on Europe&#39;s largest economy, it was reported Thursday.
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German economic data released Wednesday painted a mixed picture of the health of Europe's biggest economy, with analysts predicting a slowdown but of unknown proportions.
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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 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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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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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.
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German business confidence dipped in August, reflecting worries about the strength of the country's economic recovery, a survey of German executives showed Thursday.
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MUNICH, Germany : Surging oil prices are weighing on business sentiment in Germany, the eurozone&#39;s biggest economy, a new poll showed.
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Business confidence in Germany, Europe&#39;s biggest economy, stagnated in October as oil prices rose to a record and job cuts at companies including General Motors Corp.
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Business confidence in Germany, Europe&#39;s largest economy, has fallen to its lowest level in more than a year, over concerns at a strengthening euro.