Germany’s Ifo institute raises German economic outlook; Eurozone GDP to grow 1% in 2010, 0.9% in 2011
Dec 16th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Germany's Ifo economics institute on Tuesday raised its German economic outlook based on rising exports and planned tax cuts. However, it said a self-sustaining recovery is not evident. The institute forecast Eurozone GDP (gross domestic product) growth of 1% in 2010 and ).9% in 2011.