More cuts to German growth projections
- 2019 GDP forecast unchanged at 0.6%
- 2020 GDP forecast revised to 1.7% from 1.8% previously
- Weakness in industrial sector spilling over into labour market, domestic economy
With Q2 economic performance expected to shrink, there isn't much to be cheerful about with the German economy at the moment. The headline here won't help the euro gain much reprieve following Draghi's dovish commentary earlier.
