Bloomberg's latest survey on economists reveal a downgrade in growth forecasts

  • Q2 GDP forecast seen at +0.4% q/q (previously +0.5%)
  • Q2 GDP forecast seen at +2.1% y/y (previously +2.2%)
  • Q3 GDP forecast seen at +1.8% y/y (previously +2.0%)
  • Q4 GDP forecast seen at +1.7% y/y (previously +1.9%)
  • 2018 growth seen at +2.0% y/y (previously +2.1%)
  • 2019 growth seen at +1.9% y/y (unchanged)
  • 2020 growth seen at +1.6% y/y (unchanged)

Further downgrade in forecasts for the German economic outlook, nothing new (there were many before this) but this continues to reiterate the fact that bigger trouble may be brewing especially with threats of a trade war with the US looking more and more likely by the day.

What? Is this what happens when we don't win the World Cup?