German economic growth is likely to slow in the first quarter of 2011, given declining demand from Eurozone periphery states, the Bundesbank reiterated in its Monthly Bulletin on Monday. "Currently available data point to a noticeable slowdown in the first quarter of 2011," the central bank said, citing trends for industry orders. "While domestic demand and demand from outside the euro area rose noticeably [in the fourth quarter], impulses form within the Eurozone weakened significantly," the Bundesbank said. The central bank also confirmed the economic outlook it issued earlier this month that sees German GDP rising by 3.6% in 2010, 2.0% in 2011 and 1.5% in 2012.