BERLIN, April 24 The German economy should grow
more strongly in the second quarter of 2013 than in the first
three months of the year despite a sharper than expected fall in
April's Ifo index,
Ifo economist Klaus Wohlrabe told Reuters on Wednesday.
Earlier, the Munich-based Ifo think tank's business climate
index for April, based on a survey of some 7,000 firms, fell to
104.4 from 106.7 in March, missing even the lowest estimate in a
"Export companies remain confident... The construction
sector's order books are full," Wohlrabe said.
He added that he did not expect the European Central Bank to
cut borrowing costs at its next meeting and said that even if it
did this would have little impact on the German economy.