'Worst is over for Germany' says Schroeder

Central Banking staff
04 Aug 2003

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German Chancellor Gerhard Schroeder said that key economic figures increasingly point to an economic upswing. "These encouraging signs give rise to confidence that, particularly next year, German economic growth will strongly increase again," he said.

Source: AFP

Chancellor Gerhard Schroeder believes the worst is over for the German economy and is counting on a planned package of tax cuts to speed up the positive trend.

"More and more key economic figures and forecasts from national and

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