Economics
Germany’s 2021 Growth Forecast Slashed on Supply Crunch
- 2021 GDP forecast revised down to 2.4% vs 3.7% in April report
- Outlook for 2022 raised to 4.8% from previously expected 3.9%
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Germany’s leading research institutes slashed their joint 2021 growth forecast for Europe’s biggest economy as supply logjams delay the nation’s recovery into next year.