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Economy
In reply to the discussion: STOCK MARKET WATCH -- Friday, 7 December 2012 [View all]xchrom
(108,903 posts)32. GERMAN CENTRAL BANK CUTS 2013 GROWTH FORECAST
http://hosted.ap.org/dynamic/stories/E/EU_GERMANY_ECONOMY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-12-07-07-41-34
BERLIN (AP) -- Germany's central bank sharply cut its 2013 economic growth forecast to 0.4 percent on Friday, while poor industrial production figures underlined expectations of a weak winter for Europe's biggest economy.
The Bundesbank cut its outlook for gross domestic product growth next year from the 1.6 percent it predicted in June. It also lowered its forecast for 2012 to 0.7 percent from 1 percent.
That put the central bank's outlook well below the government's prediction of 0.8 percent growth this year and 1 percent growth in 2013.
However, the Bundesbank forecast a rebound to 1.9 percent growth in 2014 if the debt crisis in the 17-country eurozone doesn't escalate further and uncertainty among investors and consumers eases.
BERLIN (AP) -- Germany's central bank sharply cut its 2013 economic growth forecast to 0.4 percent on Friday, while poor industrial production figures underlined expectations of a weak winter for Europe's biggest economy.
The Bundesbank cut its outlook for gross domestic product growth next year from the 1.6 percent it predicted in June. It also lowered its forecast for 2012 to 0.7 percent from 1 percent.
That put the central bank's outlook well below the government's prediction of 0.8 percent growth this year and 1 percent growth in 2013.
However, the Bundesbank forecast a rebound to 1.9 percent growth in 2014 if the debt crisis in the 17-country eurozone doesn't escalate further and uncertainty among investors and consumers eases.
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