German institutes see recession, cut growth forecasts for 2019, 2020

World News: . []

German institutes see recession, cut growth forecasts for 2019, 2020The German economy will slide into a recession in the current quarter, the Kiel Institute for the World Economy (IfW) said on Wednesday as it slashed its growth forecasts for Europe's biggest economy due to trade disputes and Brexit uncertainty. The IfW institute said it expected the German economy to shrink by 0.3% quarter-on-quarter in the third quarter after a 0.1% contraction in the previous quarter. It also cut its 2019 growth forecast for the German economy to 0.4% from 0.6% previously.


Read More: LINK 

Published: .

Search for other references to "german" on SPi News


Share

Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
 
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.
 
Privacy Policy | Terms and Conditions | Contact Us