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Government lowers growth forecast for 2019 to 0.5 percent

its growth forecast for 2019 had lowered the Federal government in January to 1.0 percent now, Minister of economy, Altmaier need to halve this again. For the c

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Government lowers growth forecast for 2019 to 0.5 percent

its growth forecast for 2019 had lowered the Federal government in January to 1.0 percent now, Minister of economy, Altmaier need to halve this again. For the coming year, he is optimistic, however.

The Federal government has lowered its growth forecast for 2019 to only 0.5 percent. In the coming year, the gross domestic'm going to expose product (GDP) by 1.5 percent, said economy Minister Peter Altmaier in Berlin.

"the weakness and overcome"

"The economic development in Germany has cooled since the middle of last year," said the CDU-politician Altmaier. "The good news is - we will overcome this phase of weakness in perspective."

business Minister Peter Altmaier speaks of a temporary phase of weakness.

Important boost to domestic forces, but were "intact," said Altmaier, with reference to the positive development on the labour market. "The basis for a dynamic consumer demand." In addition, the construction industry boome and it was to be expected, "that the world economy gains momentum".

companies are reluctant to investment

The previous and already lowered estimate was 1.0 percent. Burdensome, among other things, trade disputes and the uncertainty around the Brexit, many companies in Europe for investment, hesitate to act.

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