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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.
(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

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