By Simone Meier
July 1 (Bloomberg) -- German Bundesbank President Axel Weber said he doesn’t expect the economy to return to growth before mid-2010, Bild newspaper reported.
“I believe that we’ll see a gradual but slow recovery back to positive growth rates,” Weber said according to the newspaper. “I don’t expect that we’ll return to the positive area before the middle of next year. That’s why it’s a strong and simultaneous slowdown” and “a slow but gradual recovery towards an improvement at the end of next year.”
Posts
No comments:
Post a Comment