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Nowotny Sees ECB Lowering Economic Forecast for 2012, 2013

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Aug. 31 (Bloomberg) -- ECB council member Ewald Nowotny said the central bank will lower its forecast for euro-area’s economic developments in 2012 and 2013 when it publishes estimates next week. * Expectations will worsen: Nowotny * Gap between north and south to widen * All southern economies to shrink in 2012, France to

stagnate: Nowotny * NOTE: ECB staff forecasts due Sept. 6. In June, forecast was

for 0.1% contraction in euro area this year, 1.0% growth in

2013 ALSO: Bundesbank’s Weidmann Has Considered Resignation, Bild Reports {NSN M9LSR46JTSEC <go>}

Story Link:{NSN M9LRUA6TTDSB<GO>}

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To contact the editor responsible for this story: Chris Malpass at +49-30-70010-6234 or cmalpass@bloomberg.net