A weaker world economy and the impasse to the Brexit worry, apparently, for a downward trend in the German economy. According to reports, the Federal government revised its growth forecast for 2019 to the bottom.
The Federal government is corrected according to media reports, its growth forecast for the current year, sharply down. The Federal Ministry of the economy expect in the new year economic report for 2019 with a growth rate of 1.0 percent, according to the "Handelsblatt" and the "mirror" in advance. In its autumn forecast, the government had assumed an increase of 1.8 percent.world Economics and Brexit
reasons for the strong downside trend, among other things, a weaker current world economy and the impasse in order for the Britain to leave the EU, according to the "Handelsblatt," citing the annual economic report.
The recovery remain, however, despite the significant lowering of the forecast intact. So, the Federal government is expected to 2020, with a stronger growth of 1.6 percent.Next week, final Figures
The annual economic report on Wednesday. Since, therefore, the final forecast values to come are determined at the beginning of the week, is a slight change in the Numbers is still possible.
The International monetary Fund (IMF) lowered on Monday its growth forecast for the German economy this year to 1.3 from 1.9 percent. For 2020, the IMF forecasts 1.6 percent.