The federal government is correcting its economic forecast downwards because of the economic consequences of the Ukraine war and the international supply bottlenecks.
As announced in government circles on Monday, they only expect growth of 2.2 percent for 2022.
In January, the annual economic report still spoke of growth in gross domestic product of 3.6 percent.
What is rising, on the other hand, are inflation expectations.
According to reports, the federal government is now assuming a price increase of 6.1 percent this year.
At the end of January, the expectation was still 3.3 percent.
Federal Minister of Economics Robert Habeck (Greens) will present the updated forecast on Wednesday.
A possible deterioration in the energy supply has not yet been priced into the new figures.
Should there be a stop in Russian deliveries, especially gas deliveries, another economic dampener is likely, it said in Berlin.
Economists predict a recession in this case.
In the past few weeks, the German Council of Economic Experts and the leading economic research institutes have lowered their growth forecasts and increased their inflation forecasts.
Inflation of 6.1 percent in 2022 was also found in the joint diagnosis of the five leading economic research institutes in mid-April.
The spring and autumn projections from Habeck's ministry form the basis for the tax estimates of the Federal Ministry of Finance.
In the first Corona year 2020, the gross domestic product in Germany fell by 4.6 percent.