–EconMin Sees 2011 GDP Growth Of Between 2.1% To 2.4%
–EconMin Sees 2012 GDP Growth Of Between 1.6% To 1.9%
BERLIN (MNI) – Due to an improved outlook for economic growth,
German Finance Minister Wolfgang Schaeuble aims to lower federal net new
borrowing this year to E40 billion from the E48.4 billion earmarked in
the 2011 budget bill, German weekly Der Spiegel reported over the
weekend.
The German government is set to increase its GDP forecast for 2011
to a range of between +2.1% and +2.4% from the previous projection of
+1.8%, the magazine wrote citing an internal document from the economics
ministry. For the coming year, the ministry projects growth of between
1.6% and 1.9%, Der Spiegel said.
The exact forecast will be determined at the start of next week,
the paper wrote. Economics Minister Rainer Bruederle is due to release
the projections next Wednesday.
On Thursday, Bruederle said that German GDP would increase by at
least 2% this year. “There are good chances that there will be a ‘2’
before the decimal point,” the minister asserted.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
[TOPICS: MT$$$$,M$G$$$,MFX$$$,M$X$$$,MFGBU$,MGX$$$]
