German research institutes lower 2019 GDP forecast amid weakening economic outlook

German research institutes lower 2019 GDP forecast amid weakening economic outlook

IfW now sees German economy expanding by 0.4% this year (previously 0.6%)

Sees 2020 GDP at 1% (previously 1.6%)

Notes that German economy likely shrank by 0.3% in Q3

Therefore, falling into a technical recession

DIW now sees German economy expanding by 0.5% this year (previously 0.9%)

Sees 2020 GDP at 1.4% (previously 1.7%)

Further risk next year comes from no-deal Brexit

If that happens, it would slash a further 0.4% off 2020 economic growth

11 Sep 19 (Wed)

08:40 am



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