BERLIN (MNI) – Germany’s government will leave its forecast for GDP
growth this year unchanged from the 1.4% it projected at the start of
the year, German weekly Der Spiegel reported Sunday, citing economic
experts from the government.
In its first forecast for 2011, the government projects GDP growth
of 1.6%, according to the magazine. Annual average unemployment is
projected at 3.4 million both in 2010 and 2011.
The German Economics Ministry is scheduled to release the new
government forecasts on Wednesday.
Germany’s leading economic research institutes last week forecast
GDP growth of 1.5% this year and 1.4% next year.
The German Industry Association (BDI) expects the German economy to
grow “at least 1.5%” this year, BDI President Hans-Peter Keitel told
German daily Welt am Sonntag in an interview published Sunday. “If
everything goes well…then there could also be a 2 before the digit,”
he added.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
[TOPICS: M$G$$$,MT$$$$,M$X$$$,MGX$$$]
