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
Priceless paintings and sculptures enhance Rome Cavalieri Waldorf Astoria's sheer elegance
Geneva: smorgasbord of monuments, lake ferries and diverse museums
Seven fine-dining restaurants you should try in the Eternal City
Solvang, California, Rediscovered
The Lexus VIP Dine & Drive Event You'll Wish You Went To
Four creative ways to explore Rome's splendors
Friendly staff and fine food make Geneva's Hotel Metropole a top choice
Discover Scottsdale's Vibrant Arts
Surviving the Oregon Trail in the 2018 Buick Regal TourX
Cirque du Soleil JOYA and VIP Dining Present Tastes of Real Mexico
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE