Germany cuts growth forecast

GERMANY - The German government has joined its European neighbours by slashing its growth forecasts. Economic expansion in Europe's largest economy is expected to be only 2% in 2001, 0.75% less than previously forecast.

ARTICLE - The European Central Bank declined to cut interest rates on Apr 27 and the German governments revision comes just a day after this. The German government had hinted it would like to see European Bank rates lowered to stimulate the economy. The ECB has stressed repeat