Tag Archives: IMF Halves Germany 2013 Growth Estimate; Still Too Optimistic

Mish / Mike Shedlock – IMF Halves Germany 2013 Growth Estimate; Still Too Optimistic – 4 June 2013

mish-image-15%With most of Europe in a nasty recession, and significant parts of it (Spain, Greece, Cyprus, Italy) in an outright economic depression, I wonder why it took so long for the IMF to Reduce Germany GDP Forecast.

Germany’s 2013 growth prospects have been cut in half by the International Monetary Fund, as it warned that the outlook for Europe’s strongest economy could worsen if a eurozone recovery fails to materialise. Continue reading