Thursday, August 19, 2010

Morning Yuk


Bundesbank boosts German growth forecast: report by MarketWatch
LONDON (MarketWatch) -- The Bundesbank on Thursday lifted its forecast for German growth in 2010 and said it saw little chance of a double-dip recession in the United States, news reports said. In its August report, the central bank said it expects 2010 German growth of 3%, up from its previous forecast of 1.9%, Dow Jones Newswires reported. Official data last week showed second-quarter gross domestic product expanded by 2.2%, the largest quarterly rise in 20 years. The Bundesbank also said the risk of a double-dip recession in the United States is "low."

I suppose if the Euro goes to parity , Germany will benefit.

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