According to Reuters, citing a document that they have come across
- 2019 growth forecast to be cut to 1.8% from 2.1% previously
- 2020 growth expected at 1.8%
- 2018 inflation seen at 1.8%, 2019 inflation at 2.0% and 2020 inflation at 1.9%
The 2018 growth figure is in line with what the Handelsblatt reported last week here. But the 2019 growth figure is a tad softer than anticipated. Either way, this move here is very much expected as we have already seen most economic institutes already lower their projections for the German economy after the soft first-half to the year.
The German government's latest revision was back in April here.
