Down from April forecasts of +0.9% and +2.0% respectively.
Blimey that original 2013 forecast was pretty cack. Even I could have done betta than that, infact alot betta!!!!!
- ECB’s bond-buying programme increases danger of inflation
- ECB no longer independent of fiscal policy due to bond-buying plans
- See risk ECB will continue buying bonds, excessive monetary policy even if states do not deliver
- Downside risks prevail this year and next, great danger Germany will fall into recession
- Forecasts based on assumption euro zone will gradually stabilise and investor confidence will be restored
