German economy stagnated, growth forecast is less than inflation

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The German government halves its expectation for economic growth in 2019. The Ministry of Economic Affairs is now counting on 0.5 percent growth for the German economy, while 1 percent was predicted in January.

The reduction in the growth forecast for Europe’s largest economy had already leaked to German media last week. Germany’s economy is experiencing a headwind from the weakening world economy, continuing trade tensions and uncertainty due to Brexit.

Earlier this month, five leading German research institutes also lowered their economic forecasts. They now expect a growth of 0.8 percent for this year from 1.9 percent previously predicted.

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Leah Kunze

Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to [email protected]

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