Germany's DIHK aka Chambers of Commerce and Industry delivers an update
- Forecasts a further growth slowdown in 2019 to 1.7%
- Says that companies are noticeably more cautious about business outlook
- Sees biggest deterioration in business expectations in four years
Flagging German growth has been one of the reasons why the euro has continued to stay soft in the past week as economic data continues to highlight issues seen in trade with exports growth/demand staying weak and the outlook not improving as well.
The major issue for the Eurozone's biggest economy is that things in 2019 may get much worse with the US looking to impose tariffs on EU autos in the months to come.
