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Exxon Mobil Corporation Message Board

  • invest83838 invest83838 Dec 7, 2012 6:39 AM Flag

    Bundesbank Sees the Future

    and it doesn't look good for Germany and Europe. But I believe Germany could fair better than the USA because they have a better politicians leading their country and an overall better work ethic than does the USA. Below is from a Reuters article this morning. I believe the referenced "widespread uncertainty" is not knowing what will Obama and the Demoncraps do next to harm the economic conditions in the USA, and therefore the world.

    "Germany's Bundesbank cut its growth outlook on Friday and now expects the euro zone's largest economy to barely grow in 2013, while it also pointed to risks of a recession as the euro zone debt crisis takes its toll.

    The Bundesbank expects Germany's economy to grow just 0.4 percent next year, down from an earlier forecast in June of 1.6 percent.

    The move comes a day after the European Central Bank cut its forecasts for next year, pointing to weaker growth prospects for the bloc's core countries such as Germany, France and the Netherlands.

    Germany has been a key growth driver of the euro zone, now in its second recession since 2009, but the country's resilience to the crisis is wearing thin and the central bank's new projections reflect this.

    "Given the difficult economic situation in some euro-area countries and widespread uncertainty, economic growth will be lower than previously assumed," the Bundesbank said."

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