June 14, 2013
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Do You Trust Banks? Country by County Comparison
By News DeskRead the article: Do You Trust Banks? Country by County Comparison
Hard hitting global and local news
Visit site: Jobs +175,000; Unemployment Rate 7.6%; Is the Obamacare Effect Played Out?
Read More: Nouriel Roubini Seriously Misguided on Gold, on Equities, on Economic Growth, on Money
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IMF Halves Germany 2013 Growth Estimate; Still Too Optimistic With most of Europe in a nasty recession, and significant parts of it (Spain, Greece, Cyprus, Italy) in an outright economic depression, I wonder why it took so long for the IMF to Reduce Germany GDP Forecast . Germany’s 2013 growth prospects have been cut in half by the International Monetary Fund, as it warned that the outlook for Europe’s strongest economy could worsen if a eurozone recovery fails to materialise. The IMF said falling business investment and the eurozone’s ongoing recession, which have hampered German growth, meant the economy would grow by just 0.3pc this year, compared with an April estimate of 0.6pc