{"id":59011,"date":"2022-01-26T16:03:58","date_gmt":"2022-01-26T12:03:58","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=59011"},"modified":"2022-01-26T16:04:02","modified_gmt":"2022-01-26T12:04:02","slug":"german-government-cuts-2022-economic-growth-forecast-to-3-6-from-4-1","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/german-government-cuts-2022-economic-growth-forecast-to-3-6-from-4-1\/01\/26\/market-updates\/","title":{"rendered":"German government cuts 2022 Economic growth forecast to 3.6% from 4.1%"},"content":{"rendered":"\n<p>Germany&#8217;s economy ministry on Wednesday cut its growth forecast for this year to 3.6% from the October estimate of 4.1%. Still, it said that Europe&#8217;s biggest economy remains &#8220;robust&#8221; and will return to its pre-pandemic growth in 2022.<\/p>\n\n\n\n<p>According to preliminary official figures, GDP grew 2.7% last year, but the uncertainty levels were high after the new wave of covid-19 infections by the new omicron variant.<\/p>\n\n\n\n<p>But there are hopes that the German economy will improve during 2022, and the German government expects 2022 GDP growth to be entirely driven by domestic demand and local investments.<\/p>\n\n\n\n<p>The German government also expected consumer price inflation to accelerate to 3.3% in 2022 from 3.1% in 2021 and higher wage demands in 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Germany&#8217;s economy ministry on Wednesday cut its growth forecast for this year to 3.6% from the October estimate of 4.1%. Still, it said that Europe&#8217;s biggest economy remains &#8220;robust&#8221; and will return to its pre-pandemic growth in 2022. According to preliminary official figures, GDP grew 2.7% last year, but the uncertainty levels were high after &hellip;<\/p>\n","protected":false},"author":9,"featured_media":34631,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[194,6839,6969],"class_list":["post-59011","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-gdp","tag-germany","tag-growth"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=59011"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59011\/revisions"}],"predecessor-version":[{"id":59012,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59011\/revisions\/59012"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/34631"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=59011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=59011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=59011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}