IfW in the News

German Institutes Slash 2019 Growth Forecast by More Than Half


Joint Economic Forecast predicts less growth in 2019

Excerpt from the Article

(...) The gross domestic product of Europe’s largest economy will expand by 0.8 percent in 2019, the institutes predicted in their latest outlook published Thursday in Berlin. In September, they expected growth of 1.9 percent. “The size of obstacles to domestic production and the scope of the slowdown in the global economy were underestimated,” the institutes wrote. The danger of a “pronounced recession” with several quarters of contraction is low as long as political risks do not intensify, they added.

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