Germany slashes 2013 growth forecast to 0.4%

BERLIN (AFP) - Germany today slashed its estimate for growth this year by more than half, as Europe's debt crisis takes its toll on its top economy, but forecast a solid rebound in 2014.

Europe's powerhouse economy should expand by 0.4 per cent in 2013, Economy Minister Philipp Roesler said, a sharp downwards revision from a previous forecast of 1.0 per cent. In 2014, growth should be 1.6 per cent, he said.

Register here to get free digital access to The Straits Times until Aug 9, 2015.
Comments