Dr. Lorenz Weimann
Receive the latest Allianz news and information about upcoming events.
Follow Economic Research on Twitter
“The drivers of the upswing will continue to prevail. However, the momentum of the recovery will remain subdued. Following growth of 1.7 percent in the euro area this year, we expect gross domestic product to increase by 1.6 percent in 2011,” said Michael Heise, chief economist at Allianz. The gap in growth from country to country will still be considerable, if not quite as glaring as in 2010. In 2011 Germany is again likely to lead the way with growth of 2.6 percent, while Greece will again bring up the rear with a 2 percent decline in GDP.