Thursday, December 23, 2010
German think tanks that the German economic recovery is still fragile.
<P> Leading German think-tank - Institute of World Economics (IfW) 11 issued a forecast that Germany's economic recovery is still fragile, and is expected only in 2010 and 2011 to maintain moderate growth. .</ P> <P> IfW expected in 2010, German GDP growth rate of 1.2% in December of last year's forecasts. .However, the 2011 growth forecast for the German economy from the previous 2.0% to 1.8%. .Subject to the adverse effects of cold weather in the first quarter of the German economy is likely to significant decline, but with the weather the next few months, the German construction investment is expected to grow strongly. .</ P> <P> IfW expected global economic recovery and the depreciation of the euro will be strong support for German exports, expected in 2010 and 2011, German exports increased by 7.9% and 6.1%. .</ P>.
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