Bundesbank Forecasts German Economic Growth Will Rebound in 2013

The Bundesbank said German economic growth will rebound in 2013 after slumping next year as the euro region’s sovereign debt crisis gradually abates.

Growth will slow to 0.6 percent in 2012 from 3 percent this year before recovering to 1.8 percent in 2013, the Frankfurt-based Bundesbank said in its monthly report today. Germany’s central bank said its base scenario is that the debt crisis doesn’t worsen and that the uncertainty among investors and consumers “gradually lessens.”