German institutes to cut 2018 growth forecast to 1.7 percent: sources

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BERLIN (Reuters) – Germany’s economic institutes will lower their 2018 growth forecast for Europe’s largest economy to 1.7 percent from their spring prediction of 2.2 percent, two government sources told Reuters on Tuesday.

The sources, who are familiar with a report containing updated forecasts due to be presented on Thursday, said the institutes would also cut their 2019 growth forecast to 1.9 percent from the 2.0 percent they had previously predicted.

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