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The Independent UK
The Independent UK
National
Via AP news wire

Germany trims this year's growth forecast to 1% as its economy is slow to gather pace

Germany Politics - (Copyright 2026 The Associated Press. All rights reserved)

The German government on Wednesday trimmed its 2026 forecast for the country's economy, Europe's biggest, as growth picks up more slowly than previously hoped.

Chancellor Friedrich Merz's government now expects gross domestic product to expand by about 1% this year and 1.3% in 2027, Economy Minister Katherina Reiche said. In October, it had predicted growth of 1.3% and 1.4% respectively.

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