DIW downgrades German growth forecasts for 2018 and 2019

Haresh Menghani FXStreet

The German Institute for Economic Research, commonly known as DIW Berlin, revised their German economic growth forecasts for 2018 & 2019, citing a surprisingly weak start to the year and increasing uncertainty regarding the global economy.

Key points:

• GDP to grow 1.9% in 2018 (prior forecast 2.4%).
• GDP to grow 1.7% in 2019 (prior forecast 1.9%).

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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