EXCLUSIVE Germany cuts GDP growth forecast to 2.6% for 2021, lifts 2022 estimate to 4.1% – Reuters

A staff member operates at the A3 and A4 production line of the German vehicle maker Audi, amid the spread of the coronavirus illness (COVID-19) in Ingolstadt, Germany, June 3, 2020. REUTERS/Andreas Gebert

BERLIN, Oct 26 (Reuters) – The German government has slashed its financial growth projection for this year to 2.6%, but lifted its price quote for next year to 4.1%, 2 sources told Reuters on condition of privacy on Tuesday.
The revised government forecast for gdp development compares to an April prediction for the economy to grow by 3.5% in 2021 and by 3.6% in 2022.
Economy Minister Peter Altmaier will present the upgraded development projections during a news conference on Wednesday. A representative for the Economy Ministry declined to comment.
Reporting by Holger Hansen and Christian Kraemer
Writing by Michael Nienaber
Modifying by Riham Alkousaa
Our Standards: The Thomson Reuters Trust Principles.

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