Germany officials reduce growth forecast for 2012

Note: This section contains information in English only.
Source: Marketwatch
Germany lessened its GDP growth prediction for 2012 from 1% to 0.7%, said Philipp Roesler, German Economics Minister, in statement yesterday. Roesler suggested that the German economy may slow down in the first months of 2012 but strengthen later fuelled by increase in employment, and stronger growth. Domestic consumption is predicted to surge 1.1% this year compared to 2.2% in 2011.
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Thu, 19 Jan 2012 08:22:31 GMT

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