Bundesbank lifts Germany's 2012 growth forecast
2012-06-08 16:44:43
The Bundesbank on Friday said the German economy will grow at a faster than expected pace this year. Nonetheless, debt crisis in Eurozone poses "exceptionally high" level of uncertainty, the bank said.
The bank raised 2012 growth outlook to 1 percent from 0.6 percent estimated in December. For 2013, growth is seen at 1.6 percent, but down from the prior projection of 1.8 percent.
The recovery will continue despite current "difficult environment", the bank said.
Consumer price inflation is expected to average 2.1 percent this year and 1.6 percent in 2013.