DIW Institute: German GDP is likely to expand by 0.6% this year - News - Dukascopy Bank

Thu, 05 Jan 2012 07:02:17 GMT
Source: mninews
 
© Scanpix/AFP

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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