Germany’s DIHK: Cuts German 2019 export growth forecast to 1% vs. 2.5% previous

Germany’s DIHK Chamber of Industry and Commerce cuts domestic export growth forecast for 2019 to 1% vs. 2.5% seen in autumn 2018.  

Key points:

   “¢   German firms abroad most downbeat about outlook since 2015.
   “¢   Only 24% of surveyed German firms operating abroad see better business prospects in coming 12-months.
   “¢   Trade disputes, protectionism is increasingly affecting German firms abroad.