German central bank cuts 2013 growth forecast

Published December 7, 2012 12:40pm ET



BERLIN (AP) — Germany’s central bank sharply cut its 2013 economic growth forecast to 0.4 percent on Friday, while poor industrial production figures underlined expectations of a weak winter for Europe’s biggest economy.

The Bundesbank cut its outlook for gross domestic product growth next year from the 1.6 percent it predicted in June. It also lowered its forecast for 2012 to 0.7 percent from 1 percent.

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