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Some city forecasters, like Citi, think the Bank is now forecasting growth of 1.3% in 2013.
The German government is still forecasting growth of 2 3/4% for this year, but independent forecasters are slashing their numbers.
Most economists had been forecasting growth of 0.6%.
The institute is forecasting growth of 2% in 2016, slowing to 1.7% in 2017.
The chancellor is forecasting growth will be higher over the next few years.
The International Monetary Fund is forecasting growth of just 0.2% this year.
Similar(5)
forecasts growth of 4.5percentt.
It had earlier forecast growth of 2%.
Economists had forecast growth of 3.5 percent.
The central bank has forecast growth of 2.3% this year.
Three months ago, it had forecast growth of 3 to 5percentt.
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