IMF cuts German 2018 economic growth forecast to 2.2 percent

Dhwani Mehta FXStreet

In its latest assessment report on the German economy, the International Monetary Fund (IMF) made downward revisions to Germany’s 2018 growth forecast.

Key Highlights via Reuters:

IMF cuts 2018 forecast for German economic growth to 2.2% from 2.5% previous.

2019 growth forecast lifted from 2.0% to 2.1% though.

Sees substantial short-term risks for the German economy.

Potential risk factors include rising protectionism, hard Brexit, reassessment of sovereign debt in the Eurozone.

Germany should use fiscal leeway to further raise public investments, boost long-term growth potential.

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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