Mexican Media Brands
Germany Cuts Growth Forecast
Citing unfavorable external factors, Germany now expects its economy to expand only 1.2% this year and 1.3% in 2015, down from previous estimates of 1.8% and 2%, respectively.
#economics
Share
Citing unfavorable external factors, Germany now expects its economy to expand only 1.2% this year and 1.3% in 2015, down from previous estimates of 1.8% and 2%, respectively.
Economy Minister Sigmar Gabriel blames slower growth on "difficult external waters" rather than any weakness in the country's domestic economic health.
Gabriel predicts Germany will return to "solid growth" as soon as international economic conditions improve. The country's economy shrank 0.2% in April-June as demand for its exports slowed. Germany's exports fell nearly 6% in August, the sharpest monthly decline in five years.
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data