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Economics

German Economic Growth Will Likely Slow, Finance Ministry Says

The pace of Germany’s economic growth will probably slow by mid-year after jumping 1.5 percent in the first quarter, the Finance Ministry said in its monthly report.

The Munich-based Ifo institute’s German business confidence index sank for a second consecutive month in April, reflecting concern over energy prices. At the same time, growing domestic industrial orders suggest that the impact of oil and gas costs may be limited, the ministry said today.