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German government: Economy to shrink in 2023 as war bites

Por: ABC News World October 12, 2022

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BERLIN -- The German government on Wednesday slashed its growth forecast for this year and predicted that Europe's biggest economy would shrink in 2023 as it deals with the fallout from Russia's war in , including Moscow cutting off natural gas supplies.The Economy Ministry said it expects Germany's gross domestic product to grow by 1.4% this year and then decline by 0.4% next year. In late April, it had forecast 2.2% growth in... + full article



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