The Bundesbank reviews its growth forecasts

11^th June 2012

The German Central Bank, the Bundesbank, raised its growth forecast for the German GDP on 8th June to 1% in 2012 against 0.6% to date, but it reduced its forecast for 2013, to 1.6% against a previous 1.8%. The Bundesbank believes of course that "the German economy is having problems" because of the difficulties experienced by its euro zone partners, but it sees many positive signs for the country such as the vitality of its labour market, its domestic demand and its facility to refund on the markets. It says that its new growth forecasts are shrouded in "uncertainty and particularly high risk".

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