BERLIN (MktNews) - The OECD said Tuesday that doubts have emerged over whether Germany's 2003 GDP will reach the 1.5% projection made in November. "The risk that (German) economic growth will be below 1.5% (next year), have increased in recent weeks," Eckhardt Wurzel, the head of the Germany Desk of the OECD's Economics Department said at the presentation of the OECD's economic survey of Germany.
To achieve GDP growth of 1.5% in 2003, Wurzel said the federal government had to push ahead with the needed structural reforms. The 1.5% projection is the same made in its semi-annual report published in November. Although the OECD called for a deepening of Berlin's consolidation course in its survey, Wurzel said "it is still possible to balance the budget by 2006."//www.marketnews.com