German consumer morale at highest level in more than 7.5 years

(Reuters) - German consumer morale rose to its highest level in more than 7-1/2 years heading into August as shoppers became more upbeat about their future income prospects than at any point since 1991, a survey showed on Friday.

IMF to cut German growth forecast for 2012, 2013: paper

BERLIN (Reuters) - The International Monetary Fund will cut its German economic growth forecasts for both this year and for 2013 to 0.9 percent, the Handelsblatt daily said in a preview of an article to be published on Friday.