💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

German growth may just miss 1.8 percent forecast - sources

Published 04/09/2014, 11:31
Updated 04/09/2014, 11:40
© Reuters German Finance Minister Schaeuble presents 2015 federal budget draft during news conference in Berlin

BERLIN (Reuters) - German growth may just miss the 1.8 percent currently forecast by the government this year, Finance Minister Wolfgang Schaeuble told leading conservative lawmakers in a meeting on Thursday, according to participants.

© Reuters. German Finance Minister Schaeuble presents 2015 federal budget draft during news conference in Berlin

Schaeuble said whether or not the target could be reached depended on how the economy, which shrank by 0.2 percent in the second quarter, fared in the second half of the year. The government's goal to have a balanced budget, however, was not in danger, the sources at the meeting said.

(Reporting by Andreas Rinke, writing by Annika Breidthardt; Editing by Madeline Chambers)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.