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
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
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.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.