German Chambers of Commerce cuts 2019 GDP growth forecast to 0.6% vs. 0.9% last

Dhwani Mehta FXStreet

In its latest economic assessment, Germany’s Chambers of Industry and Commerce (DIKH) made a downward revision to its 2019 German GDP growth forecasts.

This was the second downgrade so far this year.

Key Details:

Industrial companies are struggling with the slowing world economy.

The German economy is under pressure.

Business outlook has deteriorated since the start of the year.

Expectations for foreign business hit the lowest level in a decade.

“That's an alarm signal".

Domestic economy won't be able to decouple itself from difficult trade environment.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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