German EcoMin cuts 2019 GDP growth forecast to 0.5% vs. 1.0% last (EUR unfazed)
|The German Economy Ministry announces a cut to the 2019 German GDP growth forecast by 0.5% from 1.0% previous forecast to 0.5%.
Additional Details:
Expects the economy to rebound in 2020, GDP growth forecast of 1.5%.
Trade disputes and Brexit are weighing on German growth.
Sees inflation at 1.5% in 2019 and 1.8% in 2020.
Expects export growth of 2.0% in 2019 and 1.8% in 2020.
Expects import growth of 3.8% in 2019 and 4.0% in 2020.
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