German growth forecast cut as Europe scrambles to contain price shock from Iran war

Orientul Mijlociu

BERLIN (AP) — German growth forecasts for 2026 and 2027 were cut by experts on Wednesday as governments across Europe implement measures aimed at reducing the price impact of the Iran war . A group of five economic institutes predict German gross domestic product will expand by 0.6% this year — less than half the 1.3% they forecast in September — and by 0.9% in 2027, down from 1.4%. The economic outlook was below the government’s own forecast, issued two months ago , of 1% and 1.3% growth,

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