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German economic growth expected to slow down in 2023

Published 01/28/2022, 03:40 AM
Updated 01/28/2022, 03:45 AM

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

© Reuters. FILE PHOTO: German Minister of Economics and Climate Protection Robert Habeck speaks as he presents the German government's annual economic report in Berlin, Germany, January 26, 2022. John Macdougall/Pool Via REUTERS

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.

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