German institutes halve 2013 growth forecast, see 2014 rebound

GMT 10:42 2013 Thursday ,17 October

Arab Today, arab today German institutes halve 2013 growth forecast, see 2014 rebound

Arab Today

Germany's leading economic think tanks on Thursday halved their 2013 growth forecast to 0.4 percent but said domestic demand may help drive a rebound next year. The four institutes -- the Ifo in Munich, DIW in Berlin, IW in Halle and RWI in Essen -- predicted that Germany would see 0.4-percent gross domestic product growth in 2013, compared to an earlier forecast of 0.8 percent, and said this would rise to 1.8 percent next year.

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