German economic growth seen halved due to crisis
Germany's leading economic research institutes have halved their prediction for the country's growth next year, saying the financial woes of other European nations continue to weigh heavily on the bloc's largest economy.
In a report for the Economy Ministry released today, the institutes said they now expect gross domestic to increase by only 1 per cent in 2013.
They also warned that their analysis is based on the prediction that the situation in the eurozone will gradually stabilize. But they say there are risks of it deteriorating, which could drag German growth even more significantly.
The institutes also reduced their forecast for 2012 economic growth from 0.9 percent to 0.8 percent, saying there are "a large number of signs that overall economic expansion will weaken toward the end of the year."
Feat of engineering: Incredible photographs show construction beneath New York's Second Avenue
Charles Saatchi accepts police caution for assault after trying to dismiss Nigella Lawson row as 'playful tiff'
Brazil kicks off: World Cup excess draws hundreds of thousands to street protests
Google, BT and Yahoo! agree plan to tackle child porn
Exposed: Edward Erin, the doctor whose faked asthma drug test results proved fatal
- 1 Breaking the Silence: In the reality of occupation, there are no Palestinian civilians – only potential terrorists
- 2 Special Report: US troops are stationed in Japan to protect the nation. But to sex workers in Okinawa, they bring fear, not security
- 3 Should we intervene? Our response to the Charles Saatchi and Nigella Lawson assault is shocking too
- 4 Exclusive: Cristiano Ronaldo advised to stay at Real Madrid for further 18 months before making possible switch to Manchester United
- 5 Iran to send 4,000 troops to aid President Assad forces in Syria
Negotiable Depending on Experience: The Green Recruitment Company: The Green R...
£25000 - £30000 Per Annum: The Green Recruitment Company: The Green Recruitmen...
Negotiable: Progressive Recruitment: Dear Sumadhab, A growing engineering comp...
Negotiable: Randstad Education Ilford: We are currently recruiting for a Year ...