Reuters survey - Germany industry see GDP growth around 1.5% next year

Reuters on their survey of Germany's leading industry groups expect weak growth, but no recession, for the German economy in 2019, around 1.5%

The risks cited are familiar, inclduing:

  • US President Trump's 'America First' policies, which is a likely headwind for German exporters
  • and … "The biggest risk in the short term is Brexit," said Dieter Kempf, president of the BDI industry association … "The British economy would face the direct threat of a recession which would indirectly also affect Germany"

There is more at the Reuters piece here

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This might slow down ECB thoughts on tightening, but that's not new news.

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