Market Report, "Germany Food & Drink Report Q2 2013", Published
While weak economic data out of Germany supports our below-consensus real GDP growth forecast for 2012, the collapse in business and consumer confidence has prompted us to revise down our 2013 GDP projection, to 0.8% from 1.3%. We expect growth to recover in the second half of the year, although this will be mainly driven by external rather than domestic demand. Certainly, German consumption will not come to the rescue of periphery eurozone states over the next few years, as...
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