Market Commentary and Intraday News
Germany's Economic Momentum To Improve In H2, Bundesbank Says
338 days ago
(RTTNews) - Germany's economic momentum will gain pace in the second half of the year, the central bank said in its monthly report on Monday.
However, it remained to be seen to what extent the recent intensification of the sovereign debt crisis in the euro area and signs of a global slowdown further affect the German economy, Bundesbank said.
Early this month, Bundesbank raised 2012 growth outlook to 1 percent from 0.6 percent, but cut 2013 forecast to 1.6 percent from 1.8 percent.
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