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German central bank cuts growth forecasts as headwinds intensify
German central bank cuts growth forecasts as headwinds intensify
Economy
by  AFP

Germany's central bank on Friday sharply downgraded its growth forecasts for next year and 2026, predicting a prolonged period of weakness for Europe's biggest economy as it battles multiple headwinds. For 2026 it forecast growth of 0.8 percent, down from a 1.4 expansion expected previously.