BERLIN (Reuters) – Germany’s top economic institutes are cutting their 2022 growth forecast for Europe’s biggest economy to 2.7% from 4.8% previously, due to the impact of the war in Ukraine, two familiar sources said. with the matter to Reuters on Tuesday.
They are also raising their 2023 growth forecast to 3.1% from a previous estimate of 1.9% announced in October, the sources said.
The five institutes –RWI, in Essen; DIW in Berlin; Ifo in Munich; IfW in Kiel and IWH in Halle – will present their updated forecasts on Wednesday.
(By Rene Wagner)
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