Reuters exclusively reports Germany cuts 2021 GDP growth forecast, lifts 2022 estimate

Reuters exclusively reported that the German government has cut its economic growth forecast for this year to 2.6%, but lifted its estimate for next year to 4.1% as supply problems are delaying the recovery in Europe’s largest economy. The revised government forecast for gross domestic product growth compares with an April prediction for the economy to grow by 3.5% in 2021 and by 3.6% in 2022. The move was confirmed the following day.