The German government slashed its gross domestic product expectations Wednesday, saying it was now forecasting just 0.3% growth in 2025.

Germany's government has slashed its 2025 growth forecast for the country’s economy, Europe’s biggest, to just 0.3% after it shrank for two consecutive years

Berlin brought down its 2025 economic growth forecast from 1.1% to 0.3%. A government report cited the collapse of the government as the main reason.

The German government slashed its gross domestic product expectations Wednesday, saying it was now forecasting just 0.3% growth in 2025.

The German government on Wednesday slashed its growth forecasts for 2025 as industry leaders sent dire warnings over the country's economic health and staged nationwide protests to urge reforms. The lack of clarity over the shape of the next government and the country's economic policy were discouraging investments and "delaying the recovery",