German Economy May Grow 3 Percent in 2012, Roland Berger Says

March 10 (Bloomberg) -- The German economy, Europe’s biggest, may grow as much as 3 percent this year on the strength of its domestic companies, Roland Berger Strategy Consultants GmbH said.

The European Union’s economy may expand 1 percent in 2012, the global economy as much as 4 percent and Germany may repeat its 3 percent growth of the past two years, the Munich-based company said today in an e-mailed statement.

Germany has a “good mix of big corporations and mid-sized companies, many of which are global market leaders,” Roland Berger’s supervisory board Chairman Burkhard Schwenker said in the statement. “They follow a European leadership style that’s superior to the American one, also because it banks on long-term success instead of quick shareholder value.”

To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net