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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (264010)	10/19/2003 10:55:20 AM
From: Haim R. Branisteanu	Respond to of 436258

German Institutes to Forecast Zero Growth, Spiegel Reports Oct. 18 (Bloomberg) -- Germany's six biggest economic institutes will cut their forecast for growth in Europe's largest economy to zero this year, Spiegel magazine reported, without saying where it got the information. The institutes will lower their forecast for 2003 economic growth from 0.5 percent in a report on Tuesday, Spiegel said in a press release ahead of tomorrow's edition. Germany's economy is set to expand 1.8 percent next year, the institutes will say, according to the magazine. The state-funded institutes produce a twice-yearly report providing the basis for the government's economic outlook. The institutes are Munich's Ifo; Kiel's IfW Institute for World Economics; Halle's IWH institute; the RWI institute in Essen; Hamburg's HWWA institute and the Berlin-based DIW German Institute for Economic Research. The DIW institute didn't immediately return a telephone message. Phones weren't being answered at the other institutes. (Spiegel release 10-18) For the magazine's Web site, see {SPGL <GO>}. Last Updated: October 18, 2003 05:29 ED