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Growth in 2013 Q1 and Q2 is expected to reverse the fall in the German economy at the end of 2012. However, the remainder of the year is likely to be subdued as sluggish external demand continues to weigh on exports. Manufacturing PMI fell in June, while services and construction PMI, Ifo, ZEW and GfK indices improved modestly.
Source : Cushman & Wakefield
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