10 May 2001, 12:19  OECD: GERMANY TO SEE MODEST 01' GDP SLOWDOWN, RECOVERY IN '02

-OECD:GERMANY F'CAST RISKS BALANCED IF NO SHARP GLOBAL SLOWDOWN
-OECD: GERMANY FACES MAJOR STRUCTURAL, FISCAL REFORM CHALLENGES
-OECD DOES NOT SEE RISK OF GERMANY SECOND-ROUND INFLATION RISKS
-OECD: ECB INTEREST RATES NOW NO BRAKE TO GERMANY GDP GROWTH
-OECD:GERMANY NEEDS STRICT SPEND CONTROL TO HIT DEFICIT TARGETS
PARIS (AFX) - The slowing of German economic expansion reinforces the need for structural reforms in product and labour markets in order to raise the growth potential to above its present level of around 2.0 pct, the Organisation for Economic Cooperation and Development said. In an economic survey of Germany, the OECD said, however, that domestic sources of German growth "remain relatively robust so that only a moderate slowing of gross domestic product is projected" despite the "dampening effect" of the deceleration in world trade.

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