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German government lowers 2020 GDP growth forecast to 1% - source

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German government lowers 2020 GDP growth forecast to 1% - source
FILE PHOTO: A general view shows the city center of Frankfurt, Germany, January 29, 2019. REUTERS/Kai Pfaffenbach   -   Copyright  KAI PFAFFENBACH(Reuters)
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BERLIN (Reuters) – The German government has lowered its 2020 forecast for economic growth to 1.0% from 1.5% before, a source familiar with the projection told Reuters on Tuesday.

The person added that Berlin is still seeing this year’s gross domestic product (GDP) growth at 0.5%.

(Reporting by Michael Nienaber and Holger Hansen; writing by Thomas Seythal; editing by Alexander Ratz and Thomas Escritt)

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