- Forecast German 2013 GDP up 2%
Meanwhile EUR/USD recovering from dip as ACB buying emerges. We’re at 1.3140. Going nowhere quickly.
- Unemployment to fall to 2.8 million this year
- Debt crisis not over, still poses risk
- High oil prices, weaker emerging market growth a risk
- Consumer prices to rise 2.3% this year, 2.2% in 2013
- Budget deficit to fall to 0.65 of GDP in 2012, 0.2% in 2013
- Weak euro benefits German exporters
- Domestic demand to be main driver of growth
- ECB liquidity injections only buy time
Alles in ordnung…..
Well, as far as Germany’s concerned
