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German economy to return to growth: Bundesbank

Germany, Europe's biggest economy, will avoid recession and return to growth in the first quarter of 2013 after activity contracted at the end of last year, the Bundesbank said on Monday.

"As it currently looks, a plus in economic output can be expected in the first quarter of this year," the German central bank said in its February monthly report. German gross domestic product shrank by 0.6 percent in the last quarter of 2012. Recession is defined as two quarters running of economic contraction.

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