The German government sharply lowered its economic growth forecast for the current year on Wednesday, now counting on an increase of 0.2% in gross domestic product (GDP) against 1.3% previously, against a backdrop of multifactorial crisis affecting the leading European economy.
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“At the start of this year, the German economy is still in a difficult situation,” commented Steffen Hebestreit, government spokesperson, at a press conference.
More information to come…