Reuters :
German Bundesbank President Jens Weidmann delivers his speech at the European Banking Congress in the Old Opera house in Frankfurt, November 21, 2014. Credit: Reuters
German Bundesbank President Jens Weidmann delivers his speech at the European Banking Congress in the Old Opera house in Frankfurt, November 21, 2014. Credit: Reuters
Germany’s Bundesbank halved its 2015 growth forecast for Europe’s largest economy on Friday and also trimmed its estimate for this year, though its president said there were signs that current weakness would soon be overcome.
In bi-annual projections, the bank said it expected the economy to expand by 1.0 percent next year, compared with its June estimate of 2.0 percent.
It also cut its prediction for 2014 growth to 1.4 percent from 1.9 percent in June.
German Bundesbank President Jens Weidmann delivers his speech at the European Banking Congress in the Old Opera house in Frankfurt, November 21, 2014. Credit: Reuters
German Bundesbank President Jens Weidmann delivers his speech at the European Banking Congress in the Old Opera house in Frankfurt, November 21, 2014. Credit: Reuters
Germany’s Bundesbank halved its 2015 growth forecast for Europe’s largest economy on Friday and also trimmed its estimate for this year, though its president said there were signs that current weakness would soon be overcome.
In bi-annual projections, the bank said it expected the economy to expand by 1.0 percent next year, compared with its June estimate of 2.0 percent.
It also cut its prediction for 2014 growth to 1.4 percent from 1.9 percent in June.
