OECD says Germany unlikely to meet deficit targets

Germany is unlikely to meet its fiscal deficit targets in 2004 and 2005, and its growth forecast "appears to be on the optimistic side" the OECD said in a report on the German economy.

"The consolidation plans of the federal government, as set out in the stability programme for the EU, are unlikely to be met," the organisation said in a report on the German economy.

The OECD said it expects Germany's deficit to decline slightly to 3.7 pct of GDP this year from 3.9 pct in 2003, and then fall to

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