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Monthly Report - December 2013

Monthly Report - December 2013

16.12.2013 DE

The December 2013 Monthly Report comments on the outlook for the German economy as macroeconomic projections for 2014 and 2015. In addition, an analysis of the German enterprises’ profitability and financing in 2012 is included; furthermore an outlook for European retail payments (SEPA) is described and the new importance of repo markets in a changing financial system is reconsidered.

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