4 September 2001, 14:19 Eichel says unclear if German economy will recover in 2001 or H1 2002
FRANKFURT (AFX) - Finance minister Hans Eichel said it is not clear
whether the German economy will recover this year or in the first half
of next year.
Eichel said in the text of a speech it is now a question of when,
not if the German economy will recover.
"Will the recovery in Germany begin this year? Or in the first half
of the following year? We will have to wait and see," Eichel said.
He blamed the current slowdown in the euro zone on external
effects, such as the problems in the US and the limp growth in Asian
countries.
Eichel added phases of weak growth are nothing new. "We always came
out of those and this will also be the case this time," he said.
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