Government lowers growth forecast significantly – STAR

It is autumn in Germany, and at least outside, outside the building of the Federal Press Conference in Berlin, the prospects can “clouded” as applicable: The federal government is cutting its economic forecasts for Germany avowedly because of many international crises vigorously. more …

The gross domestic product is expected to grow this year by only 1.2 percent next year, then by 1.3 percent. Federal Minister Sigmar Gabriel (SPD) commented on Tuesday: O-Ton: “Clearly, the economic development in our country has deteriorated since the expectations in the spring compared to the strong first quarter, the summer half of the year was less pronounced but other hand, the.. fundamentals of the domestic economy, for the economic development of our country is still very good. ” The findings of the European economic weakness as a central cause of the decline in growth expectations in Germany show that “frantic calls for a change in fiscal policy in Germany has no effect on a sustainable recovery in the economy would,” Gabriel said. More debt in Germany would provide no growth in Italy, France, Spain or Greece. Gabriel largely follows the leading research institutes, which had significantly reduced their forecasts last week with an official reference to a slowdown in the euro-zone, the Ukraine crisis and other risks. The SPD leader and Vice-Chancellor called for more investment to push the economy and long term prosperity. LOCATION – BERLIN (GERMANY) Close