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Washington (dpa) - The International Monetary Fund (IMF) has again significantly lowered its growth forecast for Germany.
The IMF economists now believe the German economy will only grow by 3.5 percent this year, according to a new country study.
The IMF is correcting itself downwards for the second time in a good six months - in October the forecast was 4.2 percent, in June it was 1.2 points higher.
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However, the pandemic-induced economic downturn in the past year also ultimately turned out to be significantly less dramatic than initially assumed by the IMF, so that the scope for a positive countermovement is correspondingly smaller.
Overall, the experts of the Monetary Fund Germany certified that the corona crisis management was comparatively good, but at the same time warned not to stop economic aid too early.
© dpa-infocom, dpa: 210119-99-89052 / 3
IWF Article IV Report for Germany