The 2019 growth forecast from the German government was cut for the second time in three months today. This decision points to the fact that the Germany economy is slowing down due to a recession in the manufacturing sector.
Reuters stated that German exporters are struggling with weaker demand from abroad, trade tensions sparked by the American government’s policies of “America First” and the uncertainty that businesses are facing due to the unknown outcome of Brexit. While these factors are bringing down the economy, the positive view for things at home circle around high employment rates, pay hikes and low borrowing costs.
The new forecast now shows that gross domestic product growth will be at 0.5 percent this year, according to Economy Minister Peter Altmaier. In January, the government had cut its growth estimate to 1.0 percent from 1.8 percent previously.
Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.
© 2000-2022. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at email@example.com.