8 March 2001, 12:14 Germany's Eichel says economy slowing, but reiterates 2001 growth forecast
FRANKFURT (AFX) - Finance minister Hans Eichel said there is no
doubt the German economy is slowing down, but reiterated his growth
forecast for Germany in 2001.
"No one is denying that we're seeing a slowdown," Eichel told the
lower house of the German parliament. "But economic activity is still
strong and robust and at an extraordinarily high level."
Eichel reiterated the government's forecast that the German economy
would grow by 2.7-2.8 pct this year, even if the latest data suggests
growth will come out at the lower end of the range.
"But there is no reason to be overly pessimistic," he said.
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