German Government Slashes 2025 Forecast Before Snap Election
Shoppers in Alexanderplatz in Berlin.
Photographer: Yen Duong/BloombergThis article is for subscribers only.
The German government chopped back its growth forecast for this year to 0.3% from 1.1%, the latest sign Europe’s biggest economy remains mired in a prolonged period of stagnation.
Economy Minister Robert Habeck — who’s running as the lead candidate for the Greens in next month’s snap election — blamed the weakness on “global crises of recent years” that he said has “hit our industrial and export-oriented economy particularly hard.”