Mini-Forex trading from $100. What is Dealing Desk 2000
Current forex market
news and forecasts
Win 100$ in contest for free Forex traders forum Demo accounts for free About High Street Networking

10 July 2001 13:50  DIW institute cuts German GDP forecast, urges ECB to cut rates


Berlin, July 10 (BridgeNews) - Presenting the lowest economic growth forecast issued by a leading research institute so far, Berlin-based think-tank DIW lowered its German economic growth outlook to 1.0% for this year from 2.1% and to 2.3% for next year. As measurements to stimulate growth, the institute urged the European Central Bank to cut interest rates while euro-zone countries should accept higher deficits because a "rigid holding on to agreed deficit targets would provoke a recession."
.....

"Business & Finance"

© 1998-2005, High Street Networking. All rights reserved