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Bundesbank slashes German growth forecasts

Jun. 07, 2019 6:08 AM ETiShares MSCI Germany ETF (EWG), DAX, GF, DXGE, HEWG, DBGR, EWGS, FGM, FLGREWG, GF, EWGS, FGM, DBGR, DXGE, HEWG, QDEU, DAX, FLGRBy: Yoel Minkoff, SA News Editor3 Comments
  • 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.

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Comments (3)

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

stephenmcmahon83 profile picture
Just wait until Trump pivots the trade war towards Europe as the 2020 campaign season gets underway....gonna get worse from here.
Ben Gee profile picture
Trump is not fuzzy who to pick on.
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