Comments from the Bundesbank leader
- Policymakers in Germany and elsewhere have taken the right course of action
- Providing banks with ample liquidity, coupled with low interest rates, is crucial to ensuring that the economy crisis is not further aggravated by the financial system
- Economic activity has passed the trough but the upward path to previous level is still long and fraught with uncertainties
There is a lot more talk about flattening growth and it's beginning to arrive in the economic data.