BERLIN, Sept. 28 (Xinhua) -- Leading German economic institutes on Thursday slashed their 2023 economic growth forecast for the country to minus 0.6 percent, a "strong downward revision" of 0.9 percentage points from the spring projection.
Although Europe's largest economy is still expected to recover next year, the institutes now expect gross domestic product (GDP) will only grow by 1.3 percent in 2024, instead of 1.5 percent.
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