Germany seen lowering growth forecast
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Germany's economy minister said the government must lower its 2008 economic growth forecast, according to an interview released Wednesday.
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Germany's fragile recovery slowed in the third quarter as exports slipped, with Europe's biggest economy growing by just 0.1 percent, according to government figures released Thursday that underlined concerns ...
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Germany sees a drop in beer sales during the third quarter of 2007 after poor summer weather, according to official figures.
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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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German economic growth will slow next year as foreign demand for goods and services cools and consumers hesitate to increase spending, the country&#39;s six leading economic research institutes said.
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Germany&#39;s leading economic institutes on Tuesday raised their growth forecast for the country this year to 1.8 percent, but predicted that the recovery in Europe&#39;s largest economy would slow next year amid slowing export growth and high oil prices.
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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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"Growth will slow down, due to increased global risk"  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.Economy Minster Michael Glos was quoted by the mass-circulation Bild daily as saying the government was scaling back its forecast for 2008 to just under 2 percent. He did not give an exact figure.The Berlin-based DIW economic institute said it expected gross domestic product to expand by 2.1 percent in the coming year, following growth of at least 2.4 percent in 2007. Read more
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Germany's economic recovery will continue at a slower pace than expected, an economics institute said Tuesday as it lowered its 2005 growth forecast to 1.4 percent from 2.1 percent.
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The German government is counting on job market reforms to lower unemployment in 2005, while predicting growth of at least 1.5 percent of gross domestic product (GDP), according to a draft report quoted by the Welt am Sonntag newspaper.
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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 ...
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The growth expectations of German finance professionals have dropped to their lowest level in 15 months amid fears that slowing global economic growth could hurt the nation's export-driven recovery, according to a survey released Tuesday.
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The German economy, which grew strongly earlier this year on the back of robust exports, will see a slowdown in growth in 2005 as a result of runaway oil prices and a tailing off of foreign demand for German-made goods, top research institutes warned.
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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.
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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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German finance professionals grew sharply more pessimistic about the country's economic growth outlook, fearing that the euro's record highs against the U.S. dollar will weigh on exports, a monthly survey showed Tuesday.
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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.