German government lowers 2022 growth forecast to 2.2%
Inflation expected to come at 6.3% this year, 2.8% next year
By Bahattin Gonultas
BERLIN (AA) - The German government lowered its 2022 economic growth forecast to 2.2% due to the negative impact of the Russia-Ukraine war.
The previous forecast made in January was 3.6%, while the government estimates 2023 growth to come at 2.5%.
The government also expects inflation in Germany to average 6.3% this year and 2.8% next year.
Germany, the largest economy in Europe, posted a growth of 2.7% last year.
*Writing by Ovunc Kutlu in Ankara
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