Germany's DIHK lowers 2018 GDP growth forecast to 1.8% from 2.2% previously

Haresh Menghani FXStreet

On Thursday, Germany's Chambers of Commerce (DIHK) lowered its 2018 GDP growth forecast to 1.8% from 2.2% previously.

Key highlights:

• Forecasts a further growth slowdown in 2019 to 1.7%.
• Business uncertainty caused by trade disputes, Brexit clouding growth prospects.
• Says that companies are noticeably more cautious about the business outlook.
• Sees the biggest deterioration in business expectations in four years.

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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