German growth set to slow to 1.4 pct in 2005: 'Five Wise Men'
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Growth of the German economy, the biggest in the 12-country eurozone, is expected to slow to just 1.4 percent next year from 1.8 percent expected this year, the government's so-called &quot;Five Wise Men&quot; panel of independent economic advisors forecast.
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German economic growth picks up but analysts doubt the recovery is sustainable.
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Business confidence in Germany, Europe&#39;s largest economy, has fallen to its lowest level in more than a year, over concerns at a strengthening euro.
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Business confidence in Germany, Europe's largest economy, falls to its lowest level in more than a year.
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The German economy slowed in the final three months of 2007 after price rises led shoppers to cut spending
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The German government has said surging oil prices are on track to cut economic growth by about 0.25% this year. Economy Minister Wolfgang Clement said on Monday that the government expected growth of 1.8% this year, falling to 1.7% in 2005.
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Inflation in Germany, the eurozone's biggest economy, looked set to slow this month as a result of easing energy prices, key regional data showed.
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German finance professionals' growth expectations have dropped this month amid fears that soaring oil prices could slow the recovery of Europe's biggest economy, according to a survey released Tuesday.
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A think tank at People's University has  forecast China's economic growth will slow to about 9.25  percent in 2007 and remain near that rate through 2010, the  Beijing News reported on Sunday.
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Germany's budget deficit for 2004 is expected to be far lower than forecast and fall below the record of 40 billion euros (52 billion dollars), a finance ministry spokesman revealed.
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US economic growth will slow to 3.3 per cent in 2005, more than a full percentage point below this year, with the effect of high energy prices dragging on the economy for the next few quarters, the OECD said on Tuesday.
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Germany's economy, Europe's largest, unexpectedly shrank in the fourth quarter as domestic spending declined and exports failed to make up the difference.
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The German economy grew by a solid 2.5 percent last year, helped by strong exports, but a downbeat survey of investor confidence pointed to clouds on the horizon for Europe's biggest economy.
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The Germany economy will slow down this year in the wake of the global financial crisis, but should remain fundamentally solid, Finance Minister Peer Steinbrueck said Friday in an interview.
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Germany's leading economists Tuesday raised their growth forecast for the country to 1.8 percent for this year, but predicted that lower export growth and high oil prices will slow the just-begun recovery next year.
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The economy could be headed for slower growth in the next several months, according to a report released Thursday by a private research group.
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Germany&#39;s economy is still on the mend despite an unexpectedly sharp slowdown in growth over the summer, the country&#39;s central bank said Monday, predicting that exports would rise in the fourth quarter even as the euro soars.