Germany's Growth Cut
Source: Agencies |
January 5, 2012, Thursday
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Print Edition
Print Edition
A leading German economic think tank says it is lowering its 2012 growth estimate for Europe's largest economy to 0.6 percent.
The DIW think tank said yesterday the German economy would likely slide briefly into recession before recovering by midyear.
DIW previously had forecast 1 percent growth for Germany in 2012 but says that problems in other European Union will likely hurt German exports.
The DIW think tank said yesterday the German economy would likely slide briefly into recession before recovering by midyear.
DIW previously had forecast 1 percent growth for Germany in 2012 but says that problems in other European Union will likely hurt German exports.
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