Deutsche Bundesbank Monthly Report, February 2005

The Deutsche Bundesbank has published the English version of its February 2005 Monthly Report. The report expressed cautious optimism on the outlook for German growth this year, despite the surprise contraction in gross domestic product in the final quarter of 2004.

"There is no reason to be pessimistic for the current year," the monthly report said.

The bank said many consumers and investors appeared to believe that the current stagnation would turn into growth.

"After a year and a half, the

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