Germany will likely cut its economic growth forecasts as turmoil on global financial markets risks causing the world economy to stagnate, one of the country's deputy finance ministers said Wednesday.
Deputy Minister Joerg Asmussen said the government's official growth forecasts would be affected by the financial crisis and that "anything but a downward revision would be unrealistic."
Asmussen cited revised figures from the International Monetary Fund, released Wednesday, that show decreased growth estimates for the U.S., Eurozone countries and the world economy in the near future.
Asmussen said the IMF numbers showed "there are …
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