The German government slightly lowered its growth forecast to 1.7 percent for this year, blaming an economic slowdown in China and other emerging markets, but it confirmed its prediction of a 1.8 per cent expansion next year.
In April, the government had forecast growth of 1.8 per cent for Europe’s largest economy for this year
“The German economy is continuing to grow. It remains on track despite the subdued outlook for the global economy with weaker...
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