LEIBFRITZ: BUT SEES 2Q GERMANY ECO STABLISATION, 2H PICK UP
LEIBFRITZ:SLOWER IFO EXPECTATIONS DROP MAY BE 'RAY OF HOPE'
LEIBFRITZ:STILL LEEWAY FOR ECB RATE CUT BUT NOT VERY MUCH
LEIBFRITZ:BBK 1Q GDP ESTIMATE POINTS TO ABOUT +2% 2001 GDP
LEIBFRITZ:REPEATS VIEW 50BP ECB CUT WOULD HAVE BEEN JUSTIFIED
LEIBFRITZ:WARNS AGAINST EXCESS PESSIMISM ON GERMANY ECONOMY
v LEIBFRITZ: SEES NO RISK OF GERMANY ECONOMIC RECESSION