Germany reported to have cut 2020 growth forecast to 1.1% from 1.5%

Author: Justin Low | Category: News

Der Spiegel reports

At the same time, Reuters is also saying that there will be a significant cut to Germany's 2020 growth forecast, citing two sources on the matter.

I would say even a 1.1% reading may be a bit optimistic considering how things are shaping up at the moment, but let's see what it will be once the government does release them.

All you have to do is look at how the PMIs and you'll get the idea of how bleak the German economic outlook is shaping up to be:

Der Spiegel reports

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