China and US to drive global economic growth next year
Monday, December 20, 2004 7:05:21 AM ET
First Berlin
LONDON, December 20 (newratings.com) – Analysts at First Berlin believe that global economic growth during 2005 would be driven by healthy GDP growth in the US and China.
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In a research note published this morning, the analysts mention that China and the US are likely to post 7.5% and 3.5% GDP growth, respectively, for 2005. The Euroland is likely to post only 1.4% GDP growth for the year, the analysts say. Germany's economic growth, however, would continue to be under pressure during the year, the analysts add. The Hartz IV reforms are likely to adversely affect the private consumption in Germany in the near term, First Berlin explains.
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