Buba's Weber sticks to German growth forecast

The German central bank still expects economic growth of around 'one-and-a half percent' in Germany this year, despite the rallying oil prices, Bundesbank president Axel Weber told Frankfurter Allgemeine Zeitung in an interview.

'The high oil prices are surely not wholesome for the economy,' Weber said, adding that he agrees with the IMF that oil prices are not likely to ease very soon.

He said that an IMF model suggests that for every 10 usd increase in the oil price, the world economy will

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