German economy could grow less than expected in 2014 – Economic

German economy could grow less than expected in 2014 – Economic

Lusa

Yesterday 12:23

German Economy Minister admits the economy may grow below 1.8% predicted by the government.

The German economy will grow less in 2014 than the 1.8% forecast by the government, though it remains a “very acceptable” level compared to its partners in the European Union, said today the German economy minister.

Sigmar Gabriel, Germany’s economy minister, told Radio
Deutschlandfunk that the crisis in Ukraine affected the investment climate in the country, not only in business, as in trade relations with Russia.

“It may be that at the end of the year, the Gross Domestic Product
(GDP) leave a little below our forecast of 1.8%,” he noted. “However, Germany still present, in terms of comparison at European level, a good economic activity,” he said, adding that the labor market remains “robust”.

In April, the German government advanced with the prediction that the growth of Europe’s biggest economy should grow by 1.8% at the end of this year.

The official data released in August show that GDP contracted 0.2 />
German government to geopolitical tensions in Ukraine and the Middle East.