BERLIN (AP) — Europe’s debt crisis and waning economic growth around the world, particularly in emerging markets, prompted the German government to cut its forecast for growth next year.

Though the country’s Economy Ministry cut its growth forecast for 2013 to 1 percent from 1.6 percent, it sought to reassure anyone fearing that Europe’s largest economy was heading into an economic crisis. Wednesday’s revised outlook puts the government in line with other recent forecasts.