In its latest projections of the German economy, the German central bank, the Bundesbank (Buba), slashed the 2019 growth outlook for Europe’s no. one economy.
Key Highlights:
2020 GDP forecast at 1.2% vs. 1.6% previous.
2019 inflation forecast kept unchanged at 1.4%.
2020 inflation forecast 1.5% vs. 1.8% previous.
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