Germany has again lowered its 2008 economic growth forecast and hatched a plan to fend off a possible global recession, Der Spiegel magazine reported in its issue to be released Monday. The report cited the economy ministry's annual report, to be presented to the cabinet in coming weeks, that growth this year would only reach 1.8 percent.
The German government, whose economy is the largest in the 15-nation eurozone, lowered the 2008 estimate to 2.0 percent from 2.4 percent in October.