| Author (Person) | Peel, Quentin |
|---|---|
| Series Title | Financial Times |
| Series Details | 14.10.11 |
| Publication Date | 14/10/2011 |
| Content Type | News |
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Germany’s leading economic institutes have more than halved their growth forecast for gross domestic product in 2012, suggesting a slowdown in Europe’s most important economy from 2.9% in 2011 to just 0.8& in 2012, as a result of the eurozone debt crisis. 'The crisis of confidence and debt in the eurozone is an increasing burden on the German economy', the institutes wrote in their six-monthly report to the government issued on the 13 October 2011. The report, released biannually, is a collaborative effort by the Rhenish-Westphalian Institute for Economic Research in Essen, the Institute for Economic Research in Munich, the Kiel Institute for the World Economy and the Halle Institute for Economic Research. Although their forecast is not official, it is generally used by the Economics Ministry in Germany as a basis for its projections and financial planning. |
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| Countries / Regions | Germany |
