The German government has slashed its forecast for economic growth in 2013 to 1% from 1.6%, citing the European debt crisis and weakening markets in Asia and Latin America. "We are still talking about 1% growth [for 2013], so there's no talk about a crisis for Germany," said Economy Minister Philipp Roesler. The Economy Ministry also raised its forecast for 2012 to 0.8% from the 0.7% it predicted in April.