According to the latest Reuters survey, Reuters of Germany’s leading industry groups, a majority of them expect weak growth around 1.5% next year but do not see a recession.
Key Highlights:
Germany industry see GDP growth around 1.5% next year.
US President Trump’s ‘America First’ policies, which is a likely headwind for German exporters.
“¦ “The biggest risk in the short term is Brexit,” said Dieter Kempf, president of the BDI industry association “¦
“The British economy would face the direct threat of a recession which would indirectly also affect Germany”, he added.
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