Germany's government slashes its economic growth forecast for this year to 0.3%
The German government on Wednesday slashed its 2025 growth forecast for the country's economy, Europe's biggest, to just 0.3% after it shrank for two consecutive years. The new projection is much lower than the government's previous forecast of 1.
Data over the past week offer hope Europe could be passing “peak pessimism,” according to HSBC economist Simon Wells.
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