Yet another GDP growth forecast cut for Germany
- Previously 1.7%
- Companies outlook is getting clouded
- Global trade conflicts are slowing business development
- German business expectations have significantly deteriorated in all economic sectors
This time it is by the Chambers of Industry and Commerce (DIHK). This more or less matches the latest forecast by the German economy ministry as they slashed GDP growth forecast for this year to just 1.0% from 1.8% previously last week.
