Bloomberg News

Germany Cuts 2012 Growth Foreacst to 1%, Economy Ministry Says

October 20, 2011

Oct. 20 (Bloomberg) -- The German government cut its economic growth forecast for next year to 1 percent, saying uncertainties related to the debt crises in many countries have increased.

“The pace of global economic growth has noticeably cooled in step with increasing uncertainty because of the debt crises in many countries,” the ministry said in a report. “The reason for the somewhat more subdued growth path is that risks from the international environment have increased.”

To contact the editor responsible for this story: Rainer Buergin at rbuergin1@bloomberg.net


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