German growth can be hindered by debt crisis

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP

German Bundesbank predicts German growth may slow down next year as European debt crisis destroys exports demand. The central bank reduced its growth forecast for 2012 between 0.5% and 1% compared to prediction of 1.8% reported in June. According to Bundesbank's monthly bulletin, Germany is likely to face serious challenges during next months as several its export partners are exposed to default risk.

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