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German think tanks set to halve their 2013 growth forecast: business daily

FRANKFURT -- Germany's leading economic think tanks are set to halve their growth forecast for next year to 1 percent, the business daily Handelsblatt reported in its online edition on Wednesday.

The four leading institutes — Ifo in Munich, IfW in Kiel, IW in Halle and RWI in Essen — are scheduled to publish their twice-yearly economic forecasts on Thursday.

Quoting sources familiar with the latest updated projections, Handelsblatt said the think tanks have also pared back their 2012 forecast to 0.8 percent from 0.9 percent previously.

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