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Germany cuts 2022 growth forecast to 3.6%

Omicron-fuelled surge holds back Europe's industrial powerhouse

26 January, 12:15
(ANSA-AFP) - FRANKFURT AM MAIN, JAN 26 - The German government on Wednesday lowered its economic growth forecast for 2022 as an Omicron-fuelled surge in coronavirus cases holds back Europe's industrial powerhouse. The country's gross domestic product is now estimated to expand by 3.6 percent, down from 4.1 percent in a previous forecast, with the economy ministry saying the start of the year "will still be subdued due to the coronavirus pandemic, especially in the service sectors".


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