MOSCOW (Sputnik) — The European Commission in Tuesday's Spring 2016 Economic Forecast has reduced its growth expectations for Germany's economy by 0.2 percentage points to 1.6 percent.
"Overall, real GDP is expected to increase by 1.6% in 2016 and 2017," the commission said in the report.
In its winter forecast, the commission predicted Europe's largest economy to grow by 1.8 percent. In 2015, Germany's GDP increased 1.7 percent.
The report highlighted increased global economic turmoil and the influx of migrants into the country as downward risks.
Meanwhile, inflation expectations were revised down and unemployment is expected to fall.
