FO'S NERB: INDEX SHOWS GERMANY ECON. BOTTOM NOT YET REACHED High Street Networking

22 June 2001, 12:13 FO'S NERB: INDEX SHOWS GERMANY ECON. BOTTOM NOT YET REACHED

- NO GERMANY ECONOMIC TURNING POINT IN NEXT 2-3 MTHS
- BUT ONE CAN'T CONCLUDE GERMANY RECESSION FROM MAY INDEX
- NERB REPEATS IFO CALLS FOR ECB TO CUT RATES BY 25 BP