IMF slashes German 2013 growth forecast by half

  • The International Monetary Fund (IMF) has cut its annual growth forecast for Germany this year by half on the back of continuing qualms over the eurozone crisis.

    According to the IMF on Monday, Germany will grow 0.3 percent this year, down from its April estimate of 0.6 percent.

    The IMF also lowered its growth forecast for 2014 from 1.5 percent to 1.3 percent.

    The German government expects the economy to grow by 0.5 percent this year.

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    Tagged as: IMF forecast for Germany, German 2013 growth forecast, Business news