German central bank cuts growth forecasts for 2013 and 2014
By now only ECB does not know of these forecasts. According to ECB all is milk an honey (they have to justify their paychecks after all, and telling that they do nothing but wait till all is over would not look good at their (un)completed tasks list)
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Germany's central bank has cut its growth forecast for the country, but says the outlook for the economy has "become brighter".
The Bundesbank expects the economy to grow by 0.3% this year, down from an earlier forecast of 0.4%.
In 2014, it expects 1.5% growth, down from a previous estimate of 1.9%.
The Bundesbank suggested that the worst could be over for the eurozone, saying that in the euro area "the economy appears to be bottoming out".
"Nevertheless, the Bundesbank sees continuing structural problems as standing in the way of a rapid improvement," it added.
"This is likely to place a major strain on the German economy."
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