Germany forecasts economic contraction in 2022 and slower growth in 2023 amid high interest rates and inflation
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Germany's economy will shrink 0.4% this year and grow 0.7% next year per government forecast
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Panel joined other forecasters revising Germany's economic outlook downwards
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High interest rates dampening investment and construction at home
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Inflation in Germany fallen to 3.8%, lowest since Aug 2021
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Panel suggests raising retirement age further due to rising life expectancy