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International Business Times
International Business Times
World

German Industry Sounds Alarm As Government Cuts Growth Forecast

Business associations urged measures including cutting bureaucracy, company tax reduction, competitive energy prices and more flexible labour laws (Credit: AFP)

The German government on Wednesday slashed its growth forecasts for 2025 as industry leaders sent dire warnings over the country's economic health and staged nationwide protests to urge reforms.

Output by Europe's largest economy was now expected to increase by just 0.3 percent this year, the economy ministry said.

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