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.
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.
















