Buba's Fabritius sees German GDP growth down

Bundesbank executive board member Hans Georg Fabritius said in a speech German GDP growth is expected to be 1.75% this year, down from a 2.7% growth rate in 2006.

"For 2007 we expect calendar-adjusted growth in real GDP of 1.75 pct, whereby the German economy remains slightly above the potential rate," Fabritius said in the speech in Duesseldorf.

Fabritius also noted that eurozone inflation risks are clearly on the upside and that the European Central Bank must continue to monitor inflation

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