German GDP growth outlook is slashed
Publish Date : 2019/09/11 - 10:39

On Wednesday, both the German Kiel Institute for the World Economy (IFW) and DIW economic institute slashed their outlook on 2019 German GDP growth.

IFW sees German economy expanding by 0.4% this year vs. 0.6% previous forecast.

Sees 2020 GDP at 1% vs. 1.6% previous.

German economy likely shrank by 0.3% in Q3, falling into a technical recession

DIW sees German economy expanding by 0.5% this year vs. 0.9% previous forecast.

Sees 2020 GDP at 1.4% vs. 1.7% previous.

They believed that further risk next year comes from no-deal Brexit.

If that happens, it would slash a further 0.4% off 2020 economic growth.


Source: Fxstreet

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