BERLIN (AP) —– The German federal government’s independent panel of financial consultants is forecasting development of just 1 percent next year, damaging officials’ predictions, as well as criticizing some government policies.In a record Wednesday, the panel additionally reduced its 2014 growth forecast to 1.2 percent from its 1.9 percent forecast in March. The government just recently forecast growth of 1.2 percent this year and 1.3 percent following year.The advisers indicated”geopolitical

threats”such as the Ukraine situation as well as weak eurozone development. They additionally claimed the federal government’s work as well as social policies, such as plans to introduce a base pay following year, could have struck confidence.Chancellor Angela Merkel indicated”geopolitical challenges” as well as questioned exactly how a policy that hasn’t yet worked could be criticized for decreasing the economy.Politics & Federal government Spending plan, Tax & Economy