11:39:11 AM PDT - Sunday, October 24th, 2021

Economic institutes slash Germany’s growth forecast  

By Editor - Thu Oct 14, 1:53 am

BERLIN (AP) — Germany's leading economic institutes on Thursday slashed their forecast for Europe's biggest economy, saying output is being held back by global supply bottlenecks and lingering restraints on personal contact amid the pandemic. The experts cut their growth forecast for this year to 2.4% from the 3.7% they had forecast earlier this year. They said, however, that during the course of 2022 the economy should return to normal capacity utilization as the adverse effects of the pandemic

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Economic institutes slash Germany’s growth forecast

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