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Bundesbank doesn't see turn in German economic fundamentals
Germany's Bundesbank has warned that global tensions such as the crisis in Ukraine are weighing on the outlook for Europe's largest economy, putting earlier assumptions about the strength of the country's growth at risk. Germany's central bank said on Monday that sanctions enacted by western countries against Russia, along with counter measures that Russia has put in place, hurt firms dependent on exports as well as parts of the domestic economy such as construction. The comments come days after Germany's statistics office reported in a preliminary estimate that the country's economy contracted by 0.2% in the second ... (full story)