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Famagusta Gazette

News From Cyprus

Germany lowers its forecast for the economy

ByFamagusta Gazette

Jan 30, 2025

Germany’s government is downgrading its growth forecast for 2025 and believes the country’s economy will grow by 0.3 percent this year.

The previous forecast, presented in October, was for 1.1 percent growth this year.

Germany’s gross domestic product has shrunk in the last two years, by 0.2 percent last year and 0.3 percent the year before.

Famagusta Gazette