The recession in Germany and is the major industrialized countries next year and hit millions of jobs destroyed. The Organization for Economic Cooperation and Development (OECD) said in Paris for 21 of its 30 member countries of a lengthy economic downturn ahead, since the early 80s was without precedent. For the experts expect Germany 2009, a decline in the gross domestic product by 0.9 percent. The number of unemployed will by the end of 2010 to 700 000 rise across the OECD as much as eight million. 2010, the German economy to grow 1.3 percent. Five months ago, the Organization for 2009, a growth of one percent in Germany predicted.
The OECD is therefore more pessimistic than the federal government, which is still dominated by an economic growth of 0.2 percent originates. Given the dramatic impact of the crisis, the OECD urges Berlin to a stronger economy to support. "That is not very large economic package Bundesregierung will tend to strengthen rise from 2010 when the recession stop," said OECD expert Andreas Woergoetter.
The German Industry and Commerce (DIHK) revised its growth forecast and also now expected for 2009 a decline of the German GDP by 0.5 percent.
Even in October, the DIHK for the coming year, a growth of 0.5 percent expected. "The slowdown is mainly on the Turbidity of the external economic environment in Germany to take," said DIHK chief executive, Martin Wansleben. There were good chances but that the growth in the second half could attract. The first two quarters but would be difficult.
The German economy is already in the third quarter of 2008 increased by 0.5 per cent. The Federal Statistical Office confirmed on Tuesday a flash estimate from last week. The economy shrank in the summer months the second time in succession, which according to current recession is defined as. In the second quarter amounted to minus 0.4 percent.
The export - long the mainstay of the economy - developed in the summer quarter to brake growth. Exports fell by 0.4 percent. Also, the investment shrank by 0.5 percent. "It will be increasingly orders from abroad canceled," said DIHK chief economist Volker Treier. Within a few weeks had many export hopes shattered. The foreign trade will therefore continue to fail as a growth engine.
On the other hand, hope is the consumer. He put in the third quarter because of robust labor market and inflation falling by 0.3 percent. Even in the final quarter of the expenditure likely to rise: The Nuremberg by the GfK market research survey showed consumer identified for November and December slightly upwards. Whether consumers in the coming year more money in hand, but is questionable. "Should the number of unemployed rise again, this would also make sustainable consumption mood," GfK said.
The OECD is therefore more pessimistic than the federal government, which is still dominated by an economic growth of 0.2 percent originates. Given the dramatic impact of the crisis, the OECD urges Berlin to a stronger economy to support. "That is not very large economic package Bundesregierung will tend to strengthen rise from 2010 when the recession stop," said OECD expert Andreas Woergoetter.
The German Industry and Commerce (DIHK) revised its growth forecast and also now expected for 2009 a decline of the German GDP by 0.5 percent.
Even in October, the DIHK for the coming year, a growth of 0.5 percent expected. "The slowdown is mainly on the Turbidity of the external economic environment in Germany to take," said DIHK chief executive, Martin Wansleben. There were good chances but that the growth in the second half could attract. The first two quarters but would be difficult.
The German economy is already in the third quarter of 2008 increased by 0.5 per cent. The Federal Statistical Office confirmed on Tuesday a flash estimate from last week. The economy shrank in the summer months the second time in succession, which according to current recession is defined as. In the second quarter amounted to minus 0.4 percent.
The export - long the mainstay of the economy - developed in the summer quarter to brake growth. Exports fell by 0.4 percent. Also, the investment shrank by 0.5 percent. "It will be increasingly orders from abroad canceled," said DIHK chief economist Volker Treier. Within a few weeks had many export hopes shattered. The foreign trade will therefore continue to fail as a growth engine.
On the other hand, hope is the consumer. He put in the third quarter because of robust labor market and inflation falling by 0.3 percent. Even in the final quarter of the expenditure likely to rise: The Nuremberg by the GfK market research survey showed consumer identified for November and December slightly upwards. Whether consumers in the coming year more money in hand, but is questionable. "Should the number of unemployed rise again, this would also make sustainable consumption mood," GfK said.
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