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Germany's chems growth

VCI slashes German chems growth forecast on sluggish economy

LONDON (ICIS)--A more sluggish German economy in the second quarter of the year had a noticeable effect on the country’s chemicals and pharmaceuticals industries, trade body VCI said on Tuesday, with sector production falling 2.3% compared to the first quarter.

Tepid growth rates in the country have led the association to cut its year-on-year production growth forecasts for the industry this year to 1.5%, compared to earlier predictions of 2% growth.

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