Accelerating growth for Germany? Nein.

Germany's central bank has cut the country's growth outlook for 2013, admitting that even Teutonic productivity is not enough to beat the woes.

by Michael Northcott
Last Updated: 07 Oct 2014

And…yep, you’ve got it, the eurozone saga continues. On Thursday, the European Central Bank cut growth forecasts for Germany, France and the Netherlands in 2013, and now Germany’s Bundesbank has cut its own growth forecasts.

Given that Germany is the largest and most productive economy in the eurozone, this is bad news for overall growth. 
The Bundesbank was keen to point out that it did not expect ‘protracted’ lack of growth, but it did admit that the situation is not ideal. In a statement, it said: ‘Given the difficult economic situation in some euro-area countries and widespread uncertainty, economic growth will be lower than previously assumed.

‘The Bundesbank does not see a protracted slowdown but instead anticipates a return to growth path soon.’
It’s look increasingly like 2013 could be yet another tough year of grinding economic woes. When the proper growth will come is anybody’s guess.

Find this article useful?

Get more great articles like this in your inbox every lunchtime

Want to encourage more female leaders? Openly highlight their achievements

A study shows that publicly praising women not only increases their willingness to lead, their...

Message to Davos: Don't blame lack of trust on 'society'

The reason people don't trust you is probably much closer to home, says public relations...

Dame Cilla Snowball: Life after being CEO

One year on from stepping back as boss of Britain's largest advertising agency, Dame Cilla...

How to change people's minds when they refuse to listen

Research into climate change deniers shows how behavioural science can break down intransigence.

"Paying women equally would cripple our economy"

The brutal fact: underpaid women sustain British business, says HR chief Helen Jamieson.

Why you're terrible at recruitment (and can AI help?)

The short version is you're full of biases and your hiring processes are badly designed....