Dow Jones - I expect real GDP to slow to almost 0.5% in the fourth quarter and below 0.25% in the first quarter of next year because domestic demand probably won't be strong enough to compensate for weaker foreign demand. The rather disappointing development of investment in machinery and equipment and the still very restrained private consumption support our forecast of a notable weaker expansion for the German economy in the winter. That's because the burden on private households has again increased due to the strong rise in oil prices. And investment in machinery and equipment should fall considerably due to the tax effect, at least temporarily, at the beginning of 2008.
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