Bundesbank doubts German growth forecasts

Bundesbank official Hans Reckers said in an interview published Sunday that German government growth forecasts of 2% are 'much too optimistic'. He suggested a growth rate of 1% to 1.5% for 2004 would be more realistic.

Source: RTE News

German government growth forecasts of 2% next year are 'much too optimistic', a board member of the central bank, the Bundesbank, said in an interview published yesterday.

Bundesbank official Hans Reckers told the Welt am Sonntag newspaper that a growth rate of 1%

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