The risks to the German economy “have become larger” Glos told the daily Bild adding that the nation’s 2008 economic expansion rate is likely to come in at just under 2.0%. “The recovery (of Germany’s economy) will continue, but growth will be slower than in 2007,” said Glos. Germany emerged from a protracted period of stagnation in 2006 to report a growth rate of 2.9% with the economy expected to post an expansion rate last year of about 2.6%. Glos’ comments come in the wake of a series of downward revisions in the German growth outlook by leading economists and economic institutions. (m&c.com)
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