GERMANY GOVT cuts 2013 GPD forecast to +0.4% from +1.0%

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16 January 2013

GERMANY GOVT cuts 2013 GPD forecast to +0.4% from +1.0%

- Forecasts 2014 GPD growth of +1.6%

- 2013 exports +2.8%, imports +3.5%

- 2013 private consumption +0.6%

- 2013 equipment investment -1.3%

- 2013 construct investment +1.3%

- 2013 german CPI +1.8%

- 2013 fcsts assume euro-dollar $1.31, unchanged ECB rates

European stocks declined

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