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Huether Says Germany Not in Danger of Recession, Die Welt Says

Michael Huether, head of the IW economic institute, said Germany isn’t in danger of falling into a recession, Die Welt reported, citing an interview.

The economist said the German economy will grow “at least 3 percent,” and that while the growth won’t be as strong next year as originally anticipated, it will still be stronger than average, “presumably at 2 percent,” according to the e-mailed preview of an article that will appear in tomorrow’s edition.

Dennis Snower, the head of the Kiel-based Institute for World Economics, said the drivers of the economy will “subside,” and he anticipates the German economy to grow between 1.5 percent amd 2 percent, Die Welt said.

To contact the reporter on this story: Ragnhild Kjetland in Frankfurt at rkjetland@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong in Berlin at kwong11@bloomberg.net

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