News Summary: German experts lower growth forecast
Posted at: 11/07/2012 12:35 PM
By The Associated Press
CHOP! CHOP! A panel of independent economic advisers says Germany’s government must do more to cut spending to get its deficit under control as the economy is weakening faster than expected.
STUNTED: Germany’s economy, the continent’s biggest, will grow by only 0.8 percent next year as Europe’s debt crisis weighs on its outlook, the experts predicted.
SICK NEIGHBORS: Germany, the world’s second-largest exporter, depends on the health of its European neighbors’ economies, whose outlook is worsening.
(Copyright 2012 by The Associated Press. All Rights Reserved.)