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Friday, September 14, 2012

Experts: crisis will adversely affect the economy of Germany during 2013


Berlin, September 13 / September (EFE): Institute of Economic Research said the German city of Halle The crisis in the euro zone will continue their negative impact on growth in Germany, the region's strongest economy, over the next year.
Institute predicted that the record German GDP growth of as much as 0.9% this year - compared to 1.3% as indicated by initial estimates - and by 0.8% during 2013, much less than the 2.2% rate in the previous forecast.
Justifying the Institute of Economic Studies estimates that the new debt crisis in the euro zone and the deadlock in the global economy Saarqlan growing Germany, despite the fact that the economic indicators of the country European generally positive.
He pointed out that the causes of the economic slowdown expected for Germany is to double the growth of the global economy and reduced demand on the part of the euro zone for German goods.
The Institute also confirmed that the sovereign debt purchase program announced by the European Central Bank could help reduce the costs of financing the southern euro zone countries and calm the markets, but stressed that this would not be a solution to the crisis. (EFE) 

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