Originally Posted by the mojo
German 'wise men' trim 2012 growth forecast
The so-called "Five Wise Men", who advise the government on economic matters, said in a statement they expect Europe's biggest economy to expand by just 0.8 percent this year after 3.0 percent in 2011.
That represented a fractional downward revision from their last forecast released in October, when the experts had been pencilling in gross domestic product (GDP) growth in 2012 of 0.9 percent.
Never argue with a fool, onlookers may not be able to tell the difference. —Mark Twain