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Germany's economic advisers see 1% growth in 2015: Sueddeutsche

Tuesday, November 11, 2014 - 22:32
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Germany's panel of economic advisors expects growth of one per cent next year in Europe's biggest economy and will cut its forecasts for this year to 1.2 per cent from 1.9 per cent, the Sueddeutsche newspaper reported on Tuesday.

[BERLIN] Germany's panel of economic advisors expects growth of one per cent next year in Europe's biggest economy and will cut its forecasts for this year to 1.2 per cent from 1.9 per cent, the Sueddeutsche newspaper reported on Tuesday.

The panel, which formally announces its latest forecasts on Wednesday, has made the adjustments due to geopolitical risks and unfavourable developments in the eurozone, said the newspaper, without citing its sources.

Other economists and the government have already cut their forecasts for this year.

REUTERS