Bundesbank cuts forecast for German GDP growth from +1 to +0,7% for 2012 and from +1,6 to +0,4% for 2013. “Economic prospects have deteriorated in Germany”, notes the central bank in its December report.
The slowdown, in any case, should not last and over 2014 “Germany will once again take the path of growth”, with a GDP up 1,9%. “The good fundamentals of the German economy mean that the weakening of growth will not be accompanied by serious consequences, particularly on the labor market”, continues the report.
As regards inflation, the Bundesbank expects prices to rise by 2,1% in 2012, 1,5% in 2013 and 1,6% in 2014.
