September 25, 2018 / 10:25 AM / in 24 days

German institutes to cut 2018 growth forecast to 1.7 pct -sources

BERLIN, Sept 25 (Reuters) - Germany’s economic institutes will lower their 2018 growth forecast for Europe’s largest economy to 1.7 percent from their spring prediction of 2.2 percent, two government sources told Reuters on Tuesday.

The sources, who are familiar with a report containing updated forecasts due to be presented on Thursday, said the institutes would also cut their 2019 growth forecast to 1.9 percent from the 2.0 percent they had previously predicted.

The sources also said the institutes would predict 2020 growth of 1.8 pct. The forecasts could in theory still change slightly before Thursday. (Reporting by Rene Wagner Writing by Michelle Martin Editing by Madeline Chambers)

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