11 October 2012 14:28 [Source: ICIS news]
In a joint assessment, the institutes cut the forecast for 2012 to 0.8% from previously 0.9%, and for 2013 to 1.0%, from 2.0%.
“The euro crisis is putting a strain on the German economy,” they said.
“Economic growth will therefore remain weak for the moment and only looks set to recover again slightly over the course of next year,” they said.
Roland Dohrn, economist at RWI Essen, one of the participating institutes, said: “We have seen a renewed overall worsening of economic conditions in
“There are fewer positive impulses from the global economy, with Asia becoming weaker and the
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