By the standards of Germany, this year the growth of the economy will be modest: just 0,7%. In 2013, on the other hand, the German locomotive will start running its engines again, achieving a much more significant rise in GDP, equal to + 1,6 %. The estimates were provided today by the Berlin Ministry of Economy. As for the unemployment, is expected to drop to 6,7% this year and again time low by 6,5% in 2013.
"Even if the German economy is excellently positioned, we have decided to remain cautious with our estimates", explained the Minister of Economy, Philipp Roesler, underlining that "the risks in the international environment remain exceptionally high", because " the European sovereign debt crisis has not been resolved”.
Roesler also confirmed the German government's support for the European Central Bank in returning to a "normal" monetary policy path.
