German economic growth expected to slow down in 2023

German economic growth expected to slow down in 2023
German Minister of Economic Affairs and Climate Actions presents the German government's annual economic report in Berlin

BERLIN – German economic growth will slow down to 2.3% in 2023, Economy Minister Robert Habeck said on Friday.

The government cut its economic growth forecast for 2022 this month to 3.6% from 4.1% seen in October.

Habeck told the Bundestag lower house of parliament that he expected the economy to reach pre-pandemic levels in the second quarter of 2022.

(Reporting by Christian Kraemer; Writing by Miranda Murray; Editing by Joseph Nasr)

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