{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Economy minister presents German economic growth forecast' data-url='/boclips/videos/5c54c004d8eafeecae147886' data-video-url='/boclips/videos/5c54c004d8eafeecae147886' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nEconomy minister presents German economic growth forecast\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. Mid of the German Economy Minister Michael Glos at news conference 2. Cutaway of journalists3. SOUNDBITE: (German) Michael Glos, German Economy Minister:\"For the year 2009, the federal government agrees with the projection of the...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Mid of the German Economy Minister Michael Glos at news conference \u003cbr/\u003e2. Cutaway of journalists\u003cbr/\u003e3. SOUNDBITE: (German) Michael Glos, German Economy Minister:\u003cbr/\u003e\"For the year 2009, the federal government agrees with the projection of the economic institutes which we have ourselves commissioned to do the projection. We are counting on real economic growth of 0.2 percent\"\u003cbr/\u003e4. Cutaway of journalists\u003cbr/\u003e5. SOUNDBITE: (German) Michael Glos, German Economy Minister:\u003cbr/\u003e\"I would restrain to paint the current situation and perspective as black, but equally there is nothing to be embellished. Weaker growth is foreseeable, and with the burdens of international finances and markets unavoidable.\"\u003cbr/\u003e6. Mid of news conference\u003cbr/\u003eThe German government on Thursday slashed a full percentage point off its economic growth forecast for 2009, to 0.2 percent from 1.2 percent, citing the \"uncertainty\" on global financial markets which threatens to push Europe's largest economy into a recession.\u003cbr/\u003eThe prediction for 2008 GDP growth remained unchanged at 1.7 percent, said Economy Minister Michael Glos.\u003cbr/\u003eGerman Chancellor Angela Merkel's Cabinet on Monday passed a financial rescue package, worth up to 500 (b) billion euros (671 (b) billion US dollars) in an effort to\u003cbr/\u003eshore up confidence in markets and the banking sector.\u003cbr/\u003eThe German package foresees up to 400 (b) billion euros (536.7 (b) billion US dollars) in lending guarantees for banks.\u003cbr/\u003eBoth houses of parliament are expected to vote on it Friday.\u003cbr/\u003eGlos said it was assumed in the GDP forecast that the rescue package would mean that there would be no further large downturns on financial markets, and that the banking system will emerge from the crisis widely undamaged. \u003cbr/\u003eGermany is the world's largest exporter but Glos told reporters that the recent euro strength was hurting foreign trade. \u003cbr/\u003eThe euro hit an all-time high against the US dollar in 2008 before retreating slightly in recent weeks.\u003cbr/\u003eThe announcement followed a report earlier in the day from the country's influential DIHK chamber of commerce, which predicted a slightly more optimistic 0.5 percent growth for 2009.\u003cbr/\u003eDIHK's forecast is based on a survey of some 25-thousand businesses.\u003cbr/\u003eThe prediction comes after a group of leading German economic think tanks said on Tuesday that Europe's largest economy is on the \"brink of a recession\" as they scaled back their 2009 growth prognosis to 0.2 percent.\u003cbr/\u003eThe four institutes held to their previous prognosis of 1.8 percent growth for 2008 and named 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