Arab Today, arab today think tanks dampen german growth prospects
Last Updated : GMT 08:55:20
Arab Today, arab today
Arab Today, arab today

Think tanks dampen German growth prospects

Arab Today, arab today

Arab Today, arab today Think tanks dampen German growth prospects

Frankfurt - DW

Germany\'s leading economic institutes have warned against a dent in growth in the country next year. They have attributed their revised expectations to the eurozone debt crisis and sluggish demand in other regions. A group of leading German economic institutes on Thursday revised their expectations for economic growth in Germany in the current year as well as in 2013, saying they expected less growth than they had originally anticipated. Presenting their annual Autumn Outlook, the experts said they now reckoned with 0.8 percent growth in Germany in 2012, down from 0.9 percent in their spring forecast. But while there was only a slight revision for this year, the institutes halved their estimates for 2013, saying domestic growth would only amount to 1.0 percent instead of the 2.0 percent predicted half a year ago. \"Economic expansion will remain subdued for some months to come, but will pick up again in 2013,\" the report said. It added that unemployment would also rise slightly next year, but would still stay below the psychologically important threshold of three million unemployed. Change of policy demanded The institute\'s cyclical forecast largely corresponded with expectations voiced by the German Economics Ministry earlier in the week. The ministry had noted that the German economy remained relatively robust and capable of warding off recession, but could not escape the long-term impact of other eurozone nations\' protracted woes. The head of the German public sector union, Frank Bsirske, warned, though, that other nations\' troubles were now becoming Germany\'s own troubles. \"We\'ve just watched fellow euro area countries sliding deeper into recession as a result of excessive savings measures,\" Bsirske said. He claimed that it was now pivotal to implement a European-wide investment and growth program worth 2.6 billion euros ($3.34 billion) over the next decade. But he added there was no political will at present to break through what he called \"the vicious circle of budget consolidation and recession.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today think tanks dampen german growth prospects Arab Today, arab today think tanks dampen german growth prospects

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today think tanks dampen german growth prospects Arab Today, arab today think tanks dampen german growth prospects

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday