Bundesbank lowers German growth forecasts.

The Bundesbank has cut its outlook for Germany, reducing its 2013 GDP forecast to 0.3% from a prior prediction of 0.4% and its 2014 estimate to 1.5% from 1.9%. The central bank cited stuttering exports for the cut and said that much will depend on the situation in the eurozone's crisis countries. Still, Germany's strong labor market, increasing wages and falling inflation are supporting domestic consumption.