German govt to cut 2022 growth forecast to 3.6% - source

BERLIN, Jan 21 (Reuters) - The German government will cut its economic growth forecast for this year to 3.6% from its October estimate of 4.1%, a government source told Reuters on Friday.

The revised forecast is due to supply bottlenecks for products such as semiconductors and a fourth wave of coronavirus infections, Der Spiegel, which reported the news first, said.

The magazine cited the government's annual economic report due to be presented by Economy Minister Robert Habeck next week.

The economy ministry declined to comment.

Germany's BDI industry association said earlier this month it expected Europe's largest economy to grow 3.5% this year, giving a more cautious forecast than the government as it warned that companies could face another year of "stop-and-go" business due to the pandemic.

(Reporting by Christian Kraemer Writing by Riham Alkousaa)