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Exclusive-German court ruling could hit growth next year - econ ministry source

2023-11-17 18:27
BERLIN A German court ruling that forced Berlin to freeze 60 billion euros ($65.12 billion) in planned green
Exclusive-German court ruling could hit growth next year - econ ministry source

BERLIN A German court ruling that forced Berlin to freeze 60 billion euros ($65.12 billion) in planned green investment spending could have a negative impact on the country's growth, an economy ministry source told Reuters on Friday.

According to initial estimates, the loss of investment funds could reduce growth by around half a percentage point in 2024, the source added.

($1 = 0.9213 euros)

(Reporting by Andreas Rinke; Writing by Miranda Murray; Editing by Sabine Wollrab, Madeline Chambers)