- Cuts 2013 forecast to +1.0% from April’s +1.6%
- Cuts 2012 inflation forecast to +2.0% from April’s +2.3%, leaves 2013 unchanged at +1.9%
- Says German economy is in stormy waters due to euro debt crisis, economic weakening in Asia, Latin America
- Job market situation remains very favourable but is losing momentum
- Private consumption will remain primary pillar of support for growth
- Germany should reduce tax load caused by “cold progression”
Reuter’s reporting.
