Series Title | EurActiv |
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Series Details | 26.03.13 |
Publication Date | 26/03/2013 |
Content Type | News |
Economic advisors to the German government more than halved their forecast for 2013 growth on Monday (25 March), blaming a sharp fourth-quarter contraction and weak prospects for foreign trade and investment. The advisors, known in Germany as the "wise men", predicted the economy would almost grind to a halt this year, growing just 0.3% compared to 0.7% in 2012. In October they had forecast Europe's largest economy to expand 0.8% in 2013, but data has since shown that it shrank by 0.6% in the last three months of 2012. |
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Source Link | http://www.euractiv.com/euro-finance/german-wise-men-halve-rowth-pros-news-518726 |
Subject Categories | Economic and Financial Affairs |
Countries / Regions | Germany |
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