German govt cuts growth forecasts for this year and next - document

The German government has cut its forecast for growth in Europe’s largest economy this year to 1.8 percent from its previous prediction of 2.3 percent, a document seen by Reuters on Wednesday showed.
FILE PHOTO: A worker at German manufacturer of silos and liquid tankers, Feldbinder Special Vehicles, moves rolls of aluminium at the company's plant in Winsen, Germany, July 10, 2018. Picture taken July 10, 2018. REUTERS/Fabian Bimmer/File Photo
The government has also slashed its 2019 growth forecast to 1.8 percent, down from a previous estimate of 2.1 percent, and it expects the economy to expand by 1.8 percent in 2020, the document showed.
The German government is due to present its updated growth forecasts on Thursday.