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German growth to be weak in Q2

According to the Bundesbank monthly report from June 16, German economic growth could be lower than everage in the first half of the year. After a very strong start to the year real GDP should increase only slightly in Q2, while the Q3 growth should be much stronger. 

Bundesbank raised German 2014 GDP forecasts from 1.7% previous to 1.9% a week ago. Inflation forecast was lowered from 1.3% to 1.1%.




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