Tag Archives: Germany

Germany says Europe’s largest economy is in ‘troubled waters’ and cuts its growth forecast

FRANKFURT, Germany (AP) — The German government said Europe’s largest economy was in “troubled waters” and slashed its growth forecast for this year as it struggles with a lack of skilled labor, excessive bureaucracy, high interest rates and lagging investment in new projects — while a relatively modest set of tax breaks for business remains blocked in the legislature. The …

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