Data points for German economic growth are weaker than the 0.8% forecast

Comments from Ifo economist, Klaus Wohlrabe

  • Industrial sector pulls the economy down
  • Domestic economy is still important support
  • Brexit decision delay did not help German business


For a context, 0.8% is the forecast he is talking about, Ifo his own projection. The German government already sees economic growth this year as 0.5 per cent. The slow result of the Ifo data earlier suggests that economic headwinds continue to blow strongly in the German economy as we begin Q2, so hoping for a solid economic recovery will have to wait a little longer.

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