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Politics : THE VAST RIGHT WING CONSPIRACY -- Ignore unavailable to you. Want to Upgrade?

To: calgal who wrote (5030)	12/29/2003 11:14:31 PM
From: calgal	Read Replies (1) \| Respond to of 6358

German economy to recover in 2004, unemployment to drop: minister Sat Dec 27,12:56 PM ET BERLIN (AFP) - The German economy will grow by 1.5 and two percent in 2004, while the number of unemployed will drop below four million, German Economy Minister Wolfgang Clement told the Welt am Sonntag newspaper. AFP/DDP Photo Related Quotes DJIA NASDAQ ^SPC 10450.00 2006.48 1109.48 +125.33 +33.34 +13.59 delayed 20 mins - disclaimer Quote Data provided by Reuters The Biggest Tech Flops An unscientific look at the biggest tech blunders ever, plus products before their time and potential flops of tomorrow. "Economic growth will be between 1.5 and two percent in 2004, and by all means better than in 2003," Clement said in an interview to appear in Sunday's edition of the paper. Germany's economy, the largest in the eurozone, has stagnated over the past three years, and figures for 2003 are expected to report no growth at all. "The year 2003 is a new start -- the beginning of reform for the labor market and social security, but also for tax and employment codes," Clement said. "Because of this, perspectives for next year are better." The minister, a member of Chancellor Gerhard Schroeder's ruling Social Democratic Party, also said that the number of unemployed would drop below the four-million mark in next year's third or fourth quarter. "Unemployment will drop below four million again during the second half of 2004, perhaps in October," he said, although he admitted that unemployment figures based on the year-long average would not pass the mark until 2005. On December 19, both houses of the German parliament ratified Chancellor Schroeder's "Agenda 2010" package of economic and social reforms that aim to overhaul Germany's welfare state.