German industry leaders see no 2012 recession - by Gernot Heller

The German government expects growth in 2011 to be 3 percent and then slowing to 1 percent in 2012. The Economy Ministry denied on Monday a report in Focus magazine that this forecast would be cut.

Several independent institute have lowered their 2012 forecasts to a range of between a slight contraction to growth of just under 1 percent.

Hans Heinrich Driftmann, head of the DIHK Chamber of Industry and Commerce, added: "We're expecting growth of 2 percent next year." He said he expected more jobs to be added to the labor market.
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