Bloomberg News

German GDP Growth to Slow to 1% in 2013, Kiel Institute Says

June 26, 2012

Germany’s economic growth will slow to 1 percent in 2013 from an estimated 2 percent this year as the euro-area debt crisis pushes the region’s largest economy toward stagnation, the Kiel Economics institute said.

The risk that Germany will enter a recession has “risen markedly,” according to a report today on the website of the research group, which is one of the institutes compiling twice- yearly economic forecasts for the German government.

To contact the reporter on this story: Tony Czuczka in Berlin at aczuczka@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


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