IMF downgrades German growth forecasts
The International Monetary Fund (IMF) has today cut its forecasts for 2010 for Europe’s largest economy.
The IMF said it now expects Germany to expand by 1.2% this year, lower than its previous estimate of 1.5%.
Furthermore, it has cut its 2011 forecast of 1.9% growth to 1.7%.
Washington-based IMF attributed the downgrade to weakness in [...]
