BFW 09/11 09:00 *GERMAN 3Q ECONOMIC CONTRACTION CAN'T BE RULED OUT: IFW KIEL
German 3Q Economic Contraction Can’t Be Ruled Out: IfW Kiel
2014-09-11 09:06:46.328 GMT
By Brian Parkin
Sept. 11 (Bloomberg) -- German economy to gain traction in
fourth-quarter so that recession unlikely, IfW Kiel economic
institute said today in cutting German GDP forecasts.
* German economy to grow 1.4% in 2014, 1.9% in 2015: revision
of June forecast of 2% for 2014, 2.5% in 2015: Kiel citing
geopolitical risks damping exports
* Weaker economic outlook won’t trigger deficits as robust
employment market and income tax receipts “more than
compensate”: German public sector to report composite 0.3%
surplus (or EU10b) in 2014, 0.4% (EU13b) or in 2015
* German ave 2014 inflation seen at 1.1%
* ECB set to keep benchmark rate at 0.05 to end 2015
* NOTE: German 1Q economy grew 0.7%, contracted 0.2% in 2Q
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bparkin@bloomberg.net
2014-09-11 09:06:46.328 GMT
By Brian Parkin
Sept. 11 (Bloomberg) -- German economy to gain traction in
fourth-quarter so that recession unlikely, IfW Kiel economic
institute said today in cutting German GDP forecasts.
* German economy to grow 1.4% in 2014, 1.9% in 2015: revision
of June forecast of 2% for 2014, 2.5% in 2015: Kiel citing
geopolitical risks damping exports
* Weaker economic outlook won’t trigger deficits as robust
employment market and income tax receipts “more than
compensate”: German public sector to report composite 0.3%
surplus (or EU10b) in 2014, 0.4% (EU13b) or in 2015
* German ave 2014 inflation seen at 1.1%
* ECB set to keep benchmark rate at 0.05 to end 2015
* NOTE: German 1Q economy grew 0.7%, contracted 0.2% in 2Q
Link to Company News:{2539Z GR <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
Brian Parkin at +49-30-70010-6229 or
bparkin@bloomberg.net