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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