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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.
  • ETFs: EWG, DAX, GF, DXGE, HEWG, DBGR, EWGS, FGM, QDEU, FLGR

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