German growth forecast cut but no panic

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German growth forecast cut but no panic

Reuters Videos 1:15 mins

Germany's leading economic institutes halved their 2013 growth forecast to 0.4% on Thursday, due to a significant downturn in industrial production during the winter. As Joanna Partridge reports, despite revising down their figures, the institutes say Europe's largest economy is on the cusp of an upturn, driven by domestic demand.

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