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German Economy Ministry: 2021 GDP Forecast Lowered in April

Adel 27 October, 2021 3:16 pm Market Update

Germany’s economy ministry announced on Wednesday that they have lowered the 2021 growth forecast to 2.6% from 3.5% reported in April, per Reuters.

Raised 2022 GDP forecast to +4.1% from April forecast of +3.6%. Expecting GDP growth of +1.6% in 2023.

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