DIW Institute: German GDP is likely to expand by 0.6% this year

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Source: mninews

German DIW Institute cut Germany's growth forecast on Wednesday. The institute expects the GDP to expand by 0.6% this year as compared to 1% initially projected. The GDP is likely to accelerate the pace of growth in 2013 to 2.2%. The forecast is based on assumption that the Euro Zone leaders will manage to control the debt crisis in the area.

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Thu, 05 Jan 2012 07:02:44 GMT

China has $84bn of government debt irregularities

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Thu, 05 Jan 2012 09:47:06 GMT

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