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These revisions reflect growing concerns that the slowdown in Germany's export-dependent manufacturing sector, driven by the recession, could drag down the overall eurozone economy. The German government's economic forecasts will take into account the above amendments.
They also called on the government of German Chancellor Merkel to abandon the budgetary policy of new debt if the economic growth prospects deteriorate.
The influential German BDI Industrial Union welcomed the appeals of these economic institutions and urged the government to implement large-scale public investment plans in education, climate protection and infrastructure.
But German economic minister Artemis said there is no economic crisis, so there is no need to give up the "black zero" budgetary policy to avoid adding new debt (the federal budget is in full balance).
"I insist on my position, and now discussing" black zero "is the theme of erroneous debate in the wrong time," alth said. He added that the government should help businesses through tax cuts and contributions to the social security system.
Major economic institutions said they expected Germany's economy to grow by 0.5% this year and 1.1% in 2020. By contrast, their April forecasts for the two indicators were 0.8% and 1.8%, respectively.
"Germany's economic crisis, which has a markedly low productivity utilization rate... is not yet visible, but the downside risks are still high," the economic agency said, adding that Britain's planned exit from the EU was another risk.

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