The latest Bloomberg survey of economists on the German economic outlook revealed a downgrade in the growth forecasts for the Euro-zone’s largest economy.
Key highlights:
“¢ Q2 GDP forecast seen at +0.4% q/q (previously +0.5%)
“¢ Q2 GDP forecast seen at +2.1% y/y (previously +2.2%)
“¢ Q3 GDP forecast seen at +1.8% y/y (previously +2.0%)
“¢ Q4 GDP forecast seen at +1.7% y/y (previously +1.9%)
“¢ 2018 growth seen at +2.0% y/y (previously +2.1%)
“¢ 2019 growth seen at +1.9% y/y (unchanged)
“¢ 2020 growth seen at +1.6% y/y (unchanged)
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