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Economic Indicators

Exclusive – Germany cuts 2022 economic growth forecast to 2.2% – source

04/22/2022

Less than a minute

2022.04.22 17:51

Exclusive - Germany cuts 2022 economic growth forecast to 2.2% - source
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.

Source

04/22/2022

Less than a minute