Germany to cut 2015 growth estimate to 1.7 per cent: Source

BERLIN: The German government will trim its estimate for growth this year to 1.7 per cent but it is sticking with a forecast for growth of 1.8 per cent next year, a senior government official told Reuters on Tuesday.

Economy Minister Sigmar Gabriel is expected to announce the updated forecasts on Wednesday. Previously, the government had been projecting growth of 1.8 per cent this year, but a slowdown in China and other emerging markets has weighed on recent industrial orders, output and export data.