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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: German economy will grind to halt in 2009, say experts AFP - 1 hour 21 minutes ago BERLIN (AFP) - - A blue-ribbon panel of experts said on Wednesday that German economic growth will grind to a halt next year, raising doubts about Berlin's plans to shield Europe's biggest economy from the global turmoil. In their regular autumn report, the group of independent economic advisors to the government said that growth next year would be zero percent and criticised Berlin's efforts to head off the crisis. "Gross domestic product will stagnate next year" after an expected gain of 1.7 percent this year, according to the economists. Berlin has projected growth of 0.2 percent in 2009. As a result, unemployment is set to rise by 1.1 percentage points next year, the report predicted. The economists said that "the conditions are in place to talk about recession", given the brutal nature of the slowdown. The experts also sharply criticised the government's package of measures designed to jumpstart the economy, describing it as a "hotch-potch of isolated projects designed to give the impression that the government is doing something." The government will on Thursday publish figures for growth in the third quarter and if it contracted for the second three-month-period running, as widely expected, the world's top exporter will already be officially in recession. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Enlarge Photo A view of downtown Frankfurt's financial centre, October 2008. A blue-ribbon panel of experts has said that German economic growth will grind to a halt next year, raising doubts about Berlin's plans to shield Europe's biggest economy from the global turmoil. Most Popular – Top Stories Viewed Britney Spears's son hospitalized: statement Ancient 4,300-year-old pyramid discovered in Egypt US expands record bailout of insurance giant AIG Obama, Bush discuss world of challenges Swiss fear more pressure on bank secrecy after Obama victory View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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