German experts lower growth forecast, urge savings

Published November 7, 2012 12:54pm ET



BERLIN (AP) — Germany’s government must do more to cut spending to get its deficit under control as the economy is weakening faster than earlier expected, the country’s panel of independent economic advisers said Wednesday.

Germany’s economy, the continent’s biggest, will grow by only 0.8 percent next year as Europe’s debt crisis weighs on its outlook, the experts predicted.

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