News Summary: German experts lower growth forecast

AP News
Posted: Nov 07, 2012 12:11 PM

CHOP! CHOP! A panel of independent economic advisers says Germany's government must do more to cut spending to get its deficit under control as the economy is weakening faster than expected.

STUNTED: Germany's economy, the continent's biggest, will grow by only 0.8 percent next year as Europe's debt crisis weighs on its outlook, the experts predicted.

SICK NEIGHBORS: Germany, the world's second-largest exporter, depends on the health of its European neighbors' economies, whose outlook is worsening.