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Source Headlines Add To Pessimistic German Growth Outlook

GERMANY
  • Germany to cut 2025 economic growth forecast to 1%, source says - Reuters News
  • The German government will cut its economic growth forecast for next year to 1% in a report due to be published next week, a government source told Reuters on Wednesday. For reference in October, the government expected the economy to grow by 1.5% in 2025.
  • This follows comments earlier today from Economy Minister Robert Habeck, stating the German government will revise down its forecast for growth in 2024 to 0.2% from a prior prediction of 1.3%.
  • Additionally, Bundesbank President Joachim Nagel said German output may have shrunk slightly in the first quarter, grading Europe’s biggest economy a four out of 10 but cautioned against excessive pessimism.

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