Gross domestic product growth forecasts for 2012 have been revised downwards to 1% from the previously forecast 1,8%
The German government has reduced 2012 GDP growth estimates to 1%, acknowledging the economic slowdown. This was reported by sources close to the executive.
Berlin was betting on growth of 1,8% for next year. For this year, the estimates have been slightly improved to 2,9%, against the previous prediction of 2,6%, according to sources.
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