IMF urges Germany to keep spending amid low growth
World BusinessJun 4, 2013
The International Monetary Fund on Monday halved its growth forecast for Germany as the eurozone recession takes its toll on the bloc's largest economy. In its regular assessment of the country, the Washington-based IMF also called for a more proactive immigration policy to increase the labor force and warned Berlin that overzealously slashing spending could dent growth further. The revised 2013 growth forecast of 0.3 percent, down from 0.6 percent only two months earlier, is a result of the per