German GDP forecast lowered by RWI Institute

Source: RTT News
© Scanpix/AFP
Growth of the German gross domestic product will slow down next year amid weaker export and business investments, the RWI institute reported on Tuesday. GDP of the country is forecast to accelerate 0.3% next year, less than a 1% rise projected earlier by the German think tank. Moreover, economic output is set to grow 0.7% this year compared to a 0.8% expansion previously expected.
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Tue, 11 Dec 2012 17:27:52 GMT

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