Stark divergence between owners and managers of German firms.
The IMF is not too confident about Deutschland AG. The Fund’s economists have recently lowered their growth forecast for Germany to just 0.3 percent for 2012. Domestically, however, the opinions are far from downbeat. Jens Weidmann, the Bundesbank president, was the first to rubbish the IMF predication as he stuck to his institution’s GDP growth forecast of 0.6 percent...
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Posted by Christin Stock