German government pares back 2016 growth forecast to 1.7%

GMT 11:55 2016 Wednesday ,27 January

Arab Today, arab today German government pares back 2016 growth forecast to 1.7%

Germany economy
Berlin - Arab Today

The German government on Wednesday trimmed back its economic forecast for the current year, but insisted that Europe's biggest economy was still "in good shape".

The government, in its annual economic report, said it expected gross domestic product (GDP) to expand by 1.7 percent in 2016, fractionally slower than an earlier prognosis of 1.8 percent. 

"Germany's economy is in good shape," the statement said

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