Germany's GDP is expected to grow 0.5% in 2013, as the ECB starts buying bonds issued by fiscally frail countries to shore up sentiment, Commerzbank says. "This would prepare the ground for the seed the ECB has sown with key rates that are much too low for the German economy to come to fruition and boost growth in Germany," Commerzbank notes. Data out earlier showed the German economy grew 0.2% in 3Q.
Find us on Google+
No comments:
Post a Comment