German govt. sees 1% GDP growth for 2012, 2013: report
2012-10-12 12:23:57
The German government is expected to cut its growth forecast for 2013, while slightly lifting its predictions for this year, Germany's Handelsblatt reported Friday.
The government is due to publish the latest economic growth forecasts on Wednesday. According to the daily, the government will predict 1 percent growth forecast for 2012, up from its May forecast of 0.7 percent expansion.
Meanwhile, the outlook for 2013 is likely to be downgraded to 1 percent from the earlier forecast of 1.6 percent.