The German government has lowered its forecast for economic growth next year from 1.7 to 1.2 percent.
Economy Minister Michael Glos said in a statement that its forecast was more conservative than many analysts and called for more economic reforms to spur growth. The German economic institute Ifo also warned of slower growth. Its April German gov't expects slower growth ...
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Report: Germany Trained Forces from China and Uzbekistan ... business sentiment index dropped by more than two points to 102.4. Ifo said concerns over the strong euro and the international finance crisis were responsible for the greater than expected decline.
(Deutsche Welle)
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