Germany's government has cut its 2013 GDP forecast to +0.5% from a previous estimate of +1%, the...

|By:, SA News Editor

Germany's government has cut its 2013 GDP forecast to +0.5% from a previous estimate of +1%, the Handelsblatt newspaper reports, although sources tell Reuters that the outlook has not yet been set. In 2012, GDP was +0.7%. Handelsblatt also says the government doesn't expect unemployment to change much, predicting it will rise by just 60,000 to 2.95M.