German Growth Forecasts Cut by Scholz's Advisors Amid Economic Uncertainty

In a significant revision indicative of the challenges facing Europe's largest economy, advisors to German Chancellor Olaf Scholz have announced a drastic reduction in the country's growth forecast for 2024. Initially expected to rebound from the stagnation seen in 2023, the new projections suggest that Germany will struggle to regain its footing amidst continuing global economic pressures and domestic constraints.

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