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BERLIN: The economic growth forecast for Germany was sharply cut to 2.6 percent for 2021 from April’s prediction of 3.5 percent, the German government said.
This was mainly driven by distortions in the supply chain as well as hikes in energy prices.
On the other hand, the forecast for next year was favorably altered to 4.1 percent up from the former expectation of 3.6 percent, the Economy Ministry added.