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Reuters Deutschland: 2006 Institutes: Recovery Only Temporary Upswing

- by Sören Amelang - Berlin (Reuters) - According to the researchers at HWWA and IWH, the [German] economic recovery will be only a temporary upswing. Stagnation or even recession threatens as early as 2007 due to the Government's plans.

The German economy is currently experiencing a "recovery with a Janus's head", warned the economic research group Institut für Wirtschaftsforschung Halle (IWH) in its new growth prognosis on Wednesday. Although increase in the value added tax will drive the 2006 recovery to a greater extent than previously anticipated, it will also create a backlash in 2007. The researchers fear serious problems should the world economy cool off at the same time. The economists also hold out little hope for the job market.
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(in German)

These may be the most negative voices regarding the economy, but most of the prognoses I've read lately seem to point to a jobless recovery.

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman

by dvx (dvx.clt št gmail dotcom) on Wed Dec 21st, 2005 at 11:26:17 AM EST
These negative prognoses are part of the pro-business negative propaganda. And it's explicit: they want reforms, different kind of 'reforms' from the government.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Wed Dec 21st, 2005 at 11:30:11 AM EST
[ Parent ]
This is exactly the point. These "think-tanks" and "institutes" have become nothing more than a propaganda tool. Now that the promised gloom has not materialized, they can always find a way to push it out by a year or two and still manage to blame Germany's lack of "reforms."

Mikhail from SF
by Tsarrio (dj_tsar@yahoo.com) on Wed Dec 21st, 2005 at 12:37:08 PM EST
[ Parent ]

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