The global financial turmoil is turning into an economic crisis for Germany, which faces the risk of no growth and increased unemployment in 2009, Moritz Doebler, business editor for Der Tagesspiegel, told the Oct. 10 symposium.
"Patience, education and energy" will be the keywords in assessing prospects for the Germany economy, Doebler said.
That outlook has become increasingly unclear, with the International Monetary Fund this month revising its 2009 growth forecast for Germany downward to zero percent, he told the audience. Germany is forecast to perform below average within the euro zone, he added.