German economy stagnated, growth forecast is less than inflation


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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