IMF downgrades Germany’s economic growth forecast
The International Monetary Fund (IMF) revised its 2005 forecast for
Germany's economic growth downwards from 1.5% to 1-1.5%.
The German economy grew 1.7% last year, primarily because of exports. A slight increase in business sentiment and a recovery in domestic demand also affected economic growth.
The IMF recommends that
Germany, the Euro zone's largest economy, implement more reforms in order to boost economic growth.