German Culture and Politics


Friday, November 09, 2007

RGE - The German Recovery: Tripple whammy ahead for investment

RGE - The German Recovery: Tripple whammy ahead for investment

This week has seen another number of downward revisions of the growth outlook for the German economy and in consequence for EMU as well. The council of economic advisors ("Sachverständigenrat") is now only forecasting a GDP growth for the German economy of 1.9 percent in 2008, the EU commission cut its forecast yesterday to 2.1 percent.

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