IMF chief-Germany can still reach 0.5 pct growth

- Central Banking staff
- 16 May 2003

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IMF chief Horst Koehler suggested Thursday that the ECB had further room for rate cuts as inflation was not a problem for Germany or the other eurozone countries. He also said that Germany still has a chance of reaching the IMF's forecast of 0.5% for GDP growth.

Source: Reuters

International Monetary Fund Managing Director Horst Koehler said on Thursday Germany could still reach 0.5 percent growth in 2003 despite the contraction in first-quarter GDP.

"The IMF has forecast 0.5 percent. There's still

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