Markets News Friday: Bundesbank raises German economic forecasts for 2010 and 2011; Cyclical recovery of economy has accelerated markedly
Jun 11th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stocks, currencies and commodities; the Bundesbank, the German central bank, today raised its forecast for German economic growth in 2010 and 2011, saying that after a sluggish fourth quarter of 2009/first quarter of 2010, the cyclical recovery of the German economy has accelerated markedly. Since the beginning of spring, the positive impetus generated by the global economy has increasingly prevailed. Inflation remains subdued despite the depreciation of the euro.