The Bank also cut its forecast for growth in 2012 to just 1%.

It was the second time this year that ThyssenKrupp cut its forecast.

The economics and labor ministry cut its forecast for growth in 2003 to zero, from an earlier projection of 0.75 percent.

And she did not cut her forecast for corporate earnings.

The Bank of England cut its own forecast to around 1.5% on Wednesday.

Deutsche Bank has cut its forecast for Germany's economic growth in 2002 to 0.5 percent, from 1.2 percent.

The government cut its forecast of growth this year for the second time in three months, to less than 1 percent.

He cut his forecast for Nokia Windows phone sales this quarter to 500,000 units from two million.

The company also cut its forecast for sales the following year to 260,000 from 340,000.

The OBR cut its forecast for economic growth in 2013 to 0.6% from 1.2%.