German central bank cuts growth forecast for 2013 and 2014-BBC

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6/7/13, "German central bank cuts growth forecast for 2013 and 2014," BBC

"Germany's central bank has cut its growth forecast for the country for 2013 and 2014.

The Bundesbank expects the economy to grow by 0.3% this year, down from an initial forecast of 0.4%.

In 2014, it expects 1.5% growth, down from a previous estimate of 1.9%.

The German economy has proved relatively resilient in spite of the eurozone crisis, but shrank late last year and only narrowly avoided a recession earlier this year."...

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