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
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
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.
-
Is The V8 Dead?
Tougher fuel economy standards may be the end of most V8s.