Germany will see GDP growth slow more than expected. This is Moody's forecast, which in its latest estimates has provided different numbers from those of the Berlin analysts. According to the international agency, next year the first economy of Europe will only grow by 0,5%, against the +3,1% recorded in 2011.
But really yesterday the German government had announced the new estimates over the next 12 months, speaking of +0,7%, a figure trimmed downwards from the previous +1%. For 2013, on the other hand, German Economy Minister Philipp Roesler has forecast a recovery in growth with an encouraging +1,6% of GDP.
Certain recession instead in 2012 for Italy, Spain, Portugal and Greece. However, Moody's does not provide any precise indications regarding these countries: The agency has however spoken of an increase in the bankruptcies of small and medium-sized enterprises in all four countries, the fall of the real estate market and the weakness of the labor market.
