Germany predicts meagre growth in 2013 | Bangkok Post: news

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Germany predicts meagre growth in 2013

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Germany slashed its estimate for growth this year by more than half on Wednesday, as the debt crisis hits the top European economy, but forecast a solid rebound in 2014. 

A fence protects a construction site of the Berlin Brandenburg International (BER) airport on January 10, 2013. Germany has slashed its estimate for growth this year by more than half, as Europe's debt crisis takes its toll on its top economy, but forecast a solid rebound in 2014.

The German economy, the powerhouse in Europe, should expand by 0.4 percent in 2013, Economy Minister Philipp Roesler said.

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