Peter Altmaier Germany city Berlin pandemic economy Government Peter Altmaier Germany city Berlin

German government cuts 2021 economic growth forecast to 3%

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BERLIN – The German government on Wednesday revised its growth forecast for this year down to 3% as Europe's biggest economy faces persistent headwinds from the coronavirus pandemic.

In late October, the government had forecast growth of 4.4% this year. The country started a partial shutdown shortly afterward and deepened it in mid-December.

That lockdown, Germany's second, is still in place. Official data released earlier this month showed that the economy shrank by 5% last year, ending a decade of growth.

That was still a smaller drop than many had expected. Economy Minister Peter Altmaier said that “while industry is still robust at present, the services sector is badly hit.” “We are currently seeing a flattening of the infection

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