Ifo economist: Global economy not providing any support for German economy
Comments by Ifo economist, Klaus Wohlrabe, after the earlier report
- Figures support German GDP growth forecast of 0.6% for 2019
- Brexit is a burden on Germany's industrial sector
Some general commentary after the release of the Ifo business climate survey earlier. The key takeaway here is that Ifo is still viewing that the German economy will only grow by 0.6% this year. The gloomy outlook will continue to keep euro longs in-check in the bigger picture.