	Symbol	Bid	Ask
	EURUSD	1.2931	1.2934
	GBPUSD	1.5123	1.5126
	USDJPY	101.27	101.3
	USDCHF	0.9614	0.9617
	USDCAD	1.0318	1.0321
	EURJPY	131.01	131.04
	EURCHF	1.2431	1.2436
	GBPJPY	153.14	153.21
	GBPCHF	1.4541	1.4548
	GOLD	1386.2	1386.8
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German Ifo Institute Sees 0.7% GDP Growth This Year

The German economy is expected to grow 0.7 percent in 2012, slightly faster than forecast in December, according to a twice-yearly report published by Ifo institute on Thursday.

In December, the institute projected a 0.4 percent expansion for the economy. However, the think tank observed that the increased uncertainty in Eurozone continued to dampen German economic momentum.

In 2013, the gross domestic product is expected to grow 1.3 percent, buoyed by strong domestic demand.

Unemployment is expected to fall to 6.6 percent next year from 6.7 percent in 2012. Consumer price inflation is projected to remain stable at 2 percent.

Published: 2012-06-28 08:34:00 UTC+00

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May 25 at 13:56 UTC