This was announced by the German Minister for Economic Sigmar Gabriel in an e-mail message on Tuesday, reports Bloomberg News.
GDP forecast for this year will be reduced to 1.2 percent, from the previous 1.8 percent, and for next year to 1.3 per cent, 2.0 per cent previously.
He also said that Germany must invest more in infrastructure and the conditions for private investment must be improved, including energy systems must be transformed and broadband availability ” quickly “expanded.
The Economics Minister said that capital investment is expected to increase by 3 percent this year and 4.1 percent next year, while inflation is expected to be 1.1 percent in 2014 and 1.6 percent by 2015.
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