Sees growth of 1.5% in 2019
German economic advisors to the government are coming out with some headlines on the economy and projections:
- sees 1.6% economic growth this year
- sees 1.5% in 2019
- reasons for weaker growth predictions are weaker global economic environment, fears about trade war with US and disorderly Brexit
- capacity bottlenecks including shortage of skilled labor to a growth
- weaker growth will not have negative impact on labor market
The 2018 growth estimate is down from 2.3%. The full report is expected to be presented on Wednesday. The headlines are from NBR, a group of local newspapers.
