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German, Austrian growth forecasts cut

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German, Austrian growth forecasts cut

E
euronews (in English)

8 Views • Dec 07, 2012

Description

Germany's central bank has cut its growth outlook for the country in the face of the eurozone debt crisis.

The Bundesbank also warned of risks of a recession.

The bank's experts spoke of "widespread uncertainty" and German companies cutting back investment and hiring fewer new staff.

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http://www.euronews.net/