Economics
Germany Cuts 2021 Economic Outlook Amid Lockdowns, Bottlenecks
- Extended restrictions will hit activity in the first quarter
- Economy Minister to present updated predictions on Wednesday
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Germany cut its prediction for economic growth as the extension of coronavirus lockdowns hits activity at the start of the year.
The government now expects a 3% expansion in 2021, down from 4.4% forecast at the end of October, according to a person familiar with its annual economic report to be published next week. Economy Minister Peter Altmaier is due to present the latest outlook at a news conference on Wednesday.