Germany's economy will shrink by 6.2 percent this year and stagnate in 2010, the country's central bank said Friday, delivering a forecast more pessimistic than the government's.
The Bundesbank said in its June monthly report that the new projection is "a reflection of the massive economic downturn" late last year and early this year.
Gross domestic product shrank by 2.2 percent in last year's final quarter and by a massive 3.8 percent in this year's first quarter.
"Downward pressure on the German economy is likely to ease during the course of 2009, although it does not look like there will be a significant upturn in the near …
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