Economic Indicators
Exclusive – Germany cuts 2022 economic growth forecast to 2.2% – source
2022.04.22 17:51
FILE PHOTO: People eat outdoors in a cordoned-off area of a restaurant on the historic main market square of Soest, Germany, May 12, 2021. REUTERS/Wolfgang Rattay
BERLIN (Reuters) – The German government will cut its growth forecast for Europe’s biggest economy for 2022 to 2.2% from 3.6% amid the war in Ukraine, a government source told Reuters on Friday.
It expects growth to pick up slightly to 2.5% in 2023, the source said.
The government is due to present its updated economic forecasts on Wednesday.
