Home Wealth  Money German Growth Forecast Cut

German Growth Forecast Cut

Posted: Nov. 22nd, 2011  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

Germany is no longer expected to grow as quickly in 2012, according to its central bank.

The Bundesbank cut its growth forecast today. It now expects German GDP to grow at a 0.5% to 1% rate next year.

The forecast compares to a prior prediction for 1.8% expansion in the German economy.

The iShares MSCI Germany Index Fund (nyse: EWG - news - people ) is trading down 2.9% Monday, following the news.

Top holdings include Siemens (nyse: SI - news - people ) , BASF (nyse: BF - news - people ), SAP (nyse: SAP - news - people ) , Bayer (nyse: BAY - news - people ) and Allianz (nyse: AZ - news - people ). Siemens, also listed in the US, is trading down 2.3% in New York trading today, while SAP trades down 1.2%. Deutsche Bank (nyse: DB - news - people ) , in the fund's top ten holdings, is trading down over 3.7% today.

Market News Video produces and distributes online videos about stocks and investing.




Share on Facebook Share
See Next Article
Need to Get Away?
Top 10 Business Hotels
Who says you canít mix business with pleasure?
Read More
More Articles from Forbes.com

advertisement
Quick Links
Autos
Boating
Real Estate
Luxury Travel
Fashion
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
advertisement
Current News & Features
Six Tasty Reasons to Explore Maltaís Historically Diverse Cuisine
Take a Yacht Break and Row Out in These Beautiful Handcrafted Guideboats
Is This Sprawling $33M Hawaiian Estate the Most Expensive Big Island Has Seen?
Can't Play an Instrument? Not a Problem With the "World's Most Luxurious Piano"
Diane Kruger Joins Martell House as Brand Ambassador, Seeks Out 300 Talented People to Honor
NetJets Slashes China-Based Membership Costs More Than Fifty Percent
MINI Reveals Augmented Reality Eyewear with X-Ray Tech
Miami Beach's Boutique Louver House is Almost Half Sold Out Already
Chef Sylvain Desbois Shares Hearty Duck Confit Recipe From St. Regis Mexico City
Meet Scandinavian-Designed Vifa, Our New Favorite Source for Wireless Tunes
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE