Germany Cuts Growth Forecast for 2019

Germany Cuts Growth Forecast for 2019

The German government’s panel of independent economic advisers has slashed its growth forecast for this year and is now predicting that the German economy will grow by only 0.8%.

In a regular update, the panel cut its Y 2019 forecast from the previous 1.5% and said growth may accelerate next year to 1.7%.

The experts said in a statement that the lower forecast was strongly influenced by the effects of the economy’s weak performance at the end of last year, when it was dragged down largely by one-time factors related to new car emissions standards.

They also pointed to high risks for the future from factors such as BREXIT uncertainty and global trade disputes.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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