BERLIN (Reuters) – Germany to take on an additional 39.2 billion euros ($ 42.1 billion) in debt in 2022 to counter the economic impact of the war in Ukraine, sources from the German finance ministry said Monday.
The additional debt package is expected to be presented to the Cabinet on Wednesday, which will bring total new loans for the year to € 138.9 billion, according to the AFP.
Germany is expected to reduce its economic growth forecasts for the year in course at 2.2%, compared to a previous forecast of 3.6%, in the light of the war in Ukraine.
Government sources predict that growth in Germany will rise to 2.5% next year as the government presents its updated economic forecast on Wednesday.
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