Economic pessimism increased for German Chambers of Commerce
German growth in 2013 should be limited to 0.3% in relation to the long winter past and a weaker than expected start to the year, said Friday the Association of German Chambers of Commerce and Industry (DIHK) scaling back its annual forecast. The federation was still expecting in February for growth of 0.7% and is now more pessimistic than the German government, which expects an increase in the Gross Domestic Product (GDP) of 0.5% in 2013 after 0.7% in 2012 [...]