German industrial output and trade activity rose sharply in April but the Bundesbank cut its growth forecast for this year, saying Europe’s largest economy would slow down again after a second-quarter surge.
The jump in activity offered some encouragement to other euro zone states, which are counting on increased German demand to help them export their way out of the region’s crisis.
But Germany’s central bank said the economy would slow considerably after a strong second quarter, cutting its 2013 growth forecast by 0.1 percentage points to 0.3 percent and its estimate for 2014 growth to 1.5 percent from 1.9 percent.
The Bundesbank’s 2013 prediction brought it into line with the International Monetary Fund, which halved its forecast for Germany on Monday.
via Reuters 
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.