German gov't lowers economic forecast for 2021 to 3 pct


BERLIN, Jan. 27 (Xinhua) -- Following a 5.0 percent slump in economic output in 2020, the German government is expecting gross domestic product (GDP) to grow by 3.0 percent this year, according to the annual economic report for 2021, which was approved by the government on Wednesday.

In October, one month before Germany entered a partial lockdown due to the second wave of COVID-19, the government still expected GDP to grow by 4.4 percent this year.

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