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29 Dec 2014
German 2015 growth may be better than expected – ECB’s Weidmann
FXStreet (Mumbai) - Jens Weidmann, a member of the European Central Bank's Governing Council and the Bundebank President, told a newspaper on Sunday that the German economic growth may be better-than-expected.
In an interview with the Frankfurter Allgemeine Sonntagszeitung, Jens Weidmann said, “As things are at the moment and if oil prices remain this low, inflation will be lower than expected, but growth will be better,”. He further added, “"The situation in Europe isn't as bad as some people believe,”.
The Bundesbank, earlier this month halved its growth forecast for Germany to 1.00% for 2015. It also cut its prediction for 2014 growth to 1.4% from 1.9% in June.
In an interview with the Frankfurter Allgemeine Sonntagszeitung, Jens Weidmann said, “As things are at the moment and if oil prices remain this low, inflation will be lower than expected, but growth will be better,”. He further added, “"The situation in Europe isn't as bad as some people believe,”.
The Bundesbank, earlier this month halved its growth forecast for Germany to 1.00% for 2015. It also cut its prediction for 2014 growth to 1.4% from 1.9% in June.