Leibniz Association

The German economy is expected to barely grow this year, leading economic institutes said Wednesday, as weak demand at home and abroad slows the path to recovery.

Europe's largest economy will expand by just 0.1 percent in 2024, five think-tanks said in a joint statement, a sharp downgrade from their earlier forecast of 1.3 percent growth.

The Greek government is planning all sorts of fanfare to mark the "end" of the memorandums in August, in spite of numerous warnings concerning the dangers of any backtracking on reforms.

Confidence among German businesses eroded slightly in September, a regular survey published on Sept. 25 found, reflecting uncertainty ahead of a general election on Sept. 24 that has left Chancellor Angela Merkel facing tricky coalition talks.

German business morale dipped slightly in August but stayed close to last month's all-time high, a closely-watched survey said on Aug. 25, adding to a run of good news for Europe's powerhouse economy ahead of a general election.

The Munich-based Ifo institute said its business confidence index fell to 115.9 points this month after reaching an all-time peak of 116 points in July.

German business confidence has increased dramatically in November, shrugging off the Volkswagen emissions scandal and the recent attacks in Paris, a leading economic think tank says German business confidence bounced back in November as Europe's top economy shrugged off global uncertainty and the deadly jihadist assault in Paris, a leading economic think tank said yesterday. 

German business confidence beat expectations by rising slightly in September, reflecting the continued robustness of Europe's biggest economy amid the current financial market turbulence, the Ifo economic institute said on Sept.24.

"Germany, which has taken a tough line on Greece, has profited from the country's crisis to the tune of EUR 100 billion," AFP has said, quoting "a new study."

The French agency said this data was published on Monday by the private, non-profit Leibniz Institute of Economic Research.

A new study by the non-profit Leibniz Institute of Economic Research states that Germany has profited from the Greek crisis. Germany gained a total of 100 billion euros that were saved through lower interest payments on funds the government borrowed amid investor “flights to safety.”