RealNews

Think tanks cut German growth forecasts

Germany’s economy, the largest in Europe, will grow more slowly than expected both this year and next, two top research institutes said Thursday. The Munich-based Ifo institute cut its forecast for 2007 growth to 2.5 percent from 2.6 percent, and for 2008 growth to 1.8 percent from 2.2 percent. It predicts 1.5 percent growth in 2009. “In the coming years, the expansion pace of the overall economic production should slow further … because investment activities will weaken,” the Ifo said in its report. “The so-far most important pillar of domestic demand will therefore be weakened considerably.” Full Story

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.