Quantcast
German government has no reason to change its growth forecast, says minister - Metro US

German government has no reason to change its growth forecast, says minister

The weekly cabinet meeting at the Chancellery in Berlin

BERLIN (Reuters) – The German government has no reason currently to change its forecast for growth in Europe’s largest economy, Economy Minister Peter Altmaier said on Friday.

In April, the government cut its estimate for gross domestic product growth in 2020 to -6.3% from +1.1% predicted in January. Many institutes have made more pessimistic predictions.

Altmaier pointed to the volatility of the pandemic and uncertainty about the economy in other countries and said the government should not keep changing its forecast, adding that Berlin would present its next forecast in the autumn as planned.

(Reporting by Michelle Martin; Editing by Paul Carrel)

More from our Sister Sites