Ifo Economics Institute raises German growth forecast for 2008 but lowers it for 2009
Jun 24th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Ifo Economics Institute said today that it raised its German GDP growth forecast for this year to 2.4% from 1.8%, but forecast a noticeable slowdown to 1.0% in 2009 on the back rising of prices for oil and raw materials as well as the strong euro.