On Thursday, Germany’s Chambers of Commerce (DIHK) lowered its 2018 GDP growth forecast to 1.8% from 2.2% previously.
Key highlights:
“¢ Forecasts a further growth slowdown in 2019 to 1.7%.
“¢ Business uncertainty caused by trade disputes, Brexit clouding growth prospects.
“¢ Says that companies are noticeably more cautious about the business outlook.
“¢ Sees the biggest deterioration in business expectations in four years.
Share
