The Bundesbank on Friday said the German economy will grow at a faster than expected pace this year. Nonetheless, debt crisis in Eurozone poses "exceptionally high" level of uncertainty, the bank said.
The bank raised 2012 growth outlook to 1 percent from 0.6 percent estimated in December. For 2013, growth is seen at 1.6 percent, but down from the prior projection of 1.8 percent.
The recovery will continue despite current "difficult environment", the bank said.
Consumer price inflation is expected to average 2.1 percent this year and 1.6 percent in 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.