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German Employer Lobby Sees Economy Growing 3%, Abendblatt Says

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Aug. 20 (Bloomberg) -- The German economy will probably grow more than 3 percent this year as the auto, engineering and chemical industries stay “strong,” Dieter Hundt, head of the BDA employers’ association, told Hamburger Abendblatt.

The number of unemployed may sink to less than 3 million this year and go as low as 2.6 million in 2012 if the economy remains stable, the German newspaper reported Hundt as saying.

Economic growth slowed to 0.1 percent in the second quarter from 1.3 percent in the previous three months, according to the report.

To contact the reporter on this story: Sheenagh Matthews in Frankfurt at smatthews6@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net.

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