Home News DIW increased GDP forecast for second Quarter to 0.9 %

DIW increased GDP forecast for second Quarter to 0.9 %

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Q110_eingang2 BERLIN (Dow Jones) – The German Institute for Economic Research ( DIW Berlin ) provides significantly improved Economic outlook for the German economy and therefore its Growth forecast for the second quarter increased. ( DIW Photo 🙂

The Economic Situation Forecast signaled an "increase in the seasonally and Gross domestic product by 0.9 percent in calendar- second Quarter of this year, " said the DIW in Berlin on Friday . In May the Institute for the second quarter GDP growth of 0.7% forecast.

Many of the key areas in the industry such as Chemical industry or the production of metal have been attracted strong. The orders indicated a Continuation of this development takes place. The new orders by value since spring 2009 have to DIW details in the chemical Industry by 2.1 % and the metal increased by 5.4 %.
"These values are considerably higher than the average previous rates of increase , "said researcher Vladimir Economic Situation Kuzin . Should this trend continue in the current year , could the pre-crisis in the chemical industry in August and in  the metal to be reached as early as June. Especially in Compared to the business after the last recession was "the high Dynamics of the current upswing remarkable " .
Despite the strong dynamics occurs , the real economic recovery and now faces an extremely uncertain Background , "warned Kuzin . obviously prevailed in the banking sector still largely dramatic conditions. This will significantly Kuzin to the debt crisis in the euro area back . " Therefore, the policy asked to provide a convincing consolidation strategy for the overdue regulation of financial markets move forward , " asked the DIW researchers.

 

Website: www.diw.de

– By Beate Preuschoff , Dow Jones Newswires , +49 ( 0) 30-2888 4122 ,

beate.preuschoff @ dowjones.com

DJG / bep / have / mrf