The Bundesbank has warned that Germany may be entering recession, saying that the economy could contract in FQ4 and FQ1. The bank also cut its 2012 and 2013 GDP predictions to +0.7% and +0.4% respectively from prior forecasts of 1% and 1.6%. In addition, it lifted its 2013 unemployment outlook to 7.2% vs 6.8% this year, but said the labor market "will come through the economic slowdown in good shape."
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