BDI publishes new Economic Report

05/11/2012

The German economy developed at a modest pace in the first quarter of 2012. This was a continuation of the path in the last quarter of 2011, which was marked by a slight drop in economic output. Harsh winter weather in February was one reason why economic output remained low during the first quarter. While this movement does not indicate a technical recession, average annual growth in 2012 is still likely to remain much lower than the year before. Along with the slow start to the year, higher commodity and energy prices will also play a role in slowing GDP growth.
Yet at the same time, there is cause for optimism that Germany’s economic output could pick up significantly in the second half of the year. GDP growth of one percent can be achieved, provided that the global financial markets avoid further crises and that economic policymakers do not put any more burdens on economic progress. Please find the link to the complete report below.

BDI Economic Report