BERLIN (MNI) – German Economics Minister Rainer Bruederle on Friday
said he does not see the risk of a double dip recession in Germany.
Asked by reporters if he feared that a possible slowing of growth
in China and the US could bring the German recovery to a halt, Bruederle
replied: “I don’t see that danger and I also don’t see the risk of a
double dip.”
The minister said he expected a pick up of domestic growth forces.
Due to its relatively large share of industrial activity in the overall
economy, Germany is the first European country to emerge from the
crisis, he reckoned.
“We are the growth locomotive for the whole region,” Bruederle
said.
In a government declaration on Thursday, the Minister predicted
that the economic recovery in Germany would continue next year. Thus,
“more economic stimulus programs would be the wrong way” to go, he
stressed. “We won’t do that.”
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
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