Bundesbank slashes German growth forecasts

• Further signals of an economic slowdown are continuing to build, with Germany reporting a staggering 3.7% plunge in April exports, the most in nearly four years, alongside a 1.9% contraction in industrial output.
• The figures were severe enough for the country's central bank, the Bundesbank, to slash its 2019 GDP forecast in half, to just 0.6%.
• "For economic growth and, to a lesser extent, for the rate of inflation, it is the downside risks that predominate as things stand today," the central bank said in a biannual update of its projections.
• ETFs: EWG, DAX, GF, DXGE, HEWG, DBGR, EWGS, FGM, QDEU, FLGR

Comments

[TigerMoney]

This is what globalism and socialism does to an economy that was once very dynamic.

Tiger

[stephenmcmahon83]

Just wait until Trump pivots the trade war towards Europe as the 2020 campaign season gets underway....gonna get worse from here.

[Ben Gee]

Trump is not fuzzy who to pick on.