Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

xchrom

(108,903 posts)
10. GERMAN GOV'T ADVISERS SEE 1 PCT GROWTH NEXT YEAR
Wed Nov 12, 2014, 08:52 AM
Nov 2014
http://hosted.ap.org/dynamic/stories/E/EU_GERMANY_ECONOMY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-11-12-06-17-34

BERLIN (AP) -- The German government's independent panel of economic advisers is forecasting growth of just 1 percent next year, undercutting officials' predictions, and criticizing some government policies.

In a report Wednesday, the panel also cut its 2014 growth forecast to 1.2 percent from its 1.9 percent prediction in March. The government recently forecast growth of 1.2 percent this year and 1.3 percent next year.

The advisers pointed to "geopolitical risks" such as the Ukraine crisis and weak eurozone growth. They also said the government's labor and social policies, such as plans to introduce a minimum wage next year, may have hit confidence.

Chancellor Angela Merkel pointed to "geopolitical challenges" and questioned how a policy that hasn't yet taken effect could be blamed for slowing the economy.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»Issue Forums»Economy»STOCK MARKET WATCH -- Wed...»Reply #10