German economic growth will slow in 2011

Council of Economic Advisers German government on November 10 in the "maintaining stable development of economic recovery," the report said that the German economy recovered strongly in 2010 after the 2011 gross domestic product (GDP) growth will be slowdown, exports growth rate will decrease.

The committee's report said the global economic crisis fiscal stimulus is about to expire, the international demand for commodities has dropped, the German export growth has slowed, "the recovery will continue, but the recovery of strength will be reduced." Recovery in the job market may be to stimulate domestic demand has improved, but not enough to promote the domestic GDP growth rate appears high. The report predicts that Germany's GDP growth rate in 2010 was 3.7%; 2011 GDP growth of 2.2%.

Report on the German government's policy of fiscal consolidation tribute, saying that "almost no slowdown in deficit reduction policy of economic recovery." The report predicts that by 2010 the government budget deficit ratio of gross domestic GDP to 3.7%; 2011 budget deficit-GDP ratio will be reduced to 2.4% will be completed ahead of the German government "in 2013 to cut the budget deficit to gross domestic GDP ratio," the EU Stability and Growth Pact, "3% under target."