According to German magazine Der Spiegel, the German government will cut its 2020 growth forecast to 1.1% from 1.5% announced in April’s forecast while leaving the forecast for 2019 unchanged at 0.5%. Responding to these claims, a spokeswoman for Germany’s economy ministry said that government’s latest gross domestic product (GDP) forecasts were not yet finalized. Meanwhile, Reuters reported that two sources familiar with the matter said that there will be a significant cut to Germany’s 2020 growth forecast. The EUR/USD pair eased from its session highs on these headlines and was last seen trading at 1.1040, adding 0.35% on a daily basis. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Forex News Today: Daily Trading News share Read Next Canada: Unemployment rate dropped to 5.5% in September vs. 5.7% expected FX Street 4 years According to German magazine Der Spiegel, the German government will cut its 2020 growth forecast to 1.1% from 1.5% announced in April's forecast while leaving the forecast for 2019 unchanged at 0.5%. Responding to these claims, a spokeswoman for Germany's economy ministry said that government's latest gross domestic product (GDP) forecasts were not yet finalized. Meanwhile, Reuters reported that two sources familiar with the matter said that there will be a significant cut to Germany's 2020 growth forecast. The EUR/USD pair eased from its session highs on these headlines and was last seen trading at 1.1040, adding 0.35% on… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
