Significant cooling of the economy – Political risks high
Germany’s leading economics research institutes have revised their forecasts for economic growth in 2019 significantly downward. They expect Germany’s gross domestic product to increase by 0.8%. This is more than one percentage point less than in autumn 2018, when the forecast was still for 1.9% growth. In contrast, the institutes confirm their previous forecast for the year 2020: gross domestic product is expected to increase by 1.8%.
These are the results of the Joint Economic Forecast for spring 2019, which was presented in Berlin today. For the Joint Economic forecast, the Institute for Advanced Studies is the partner of the RWI - Leibniz-Institute for Economic Research.
Press information (in German)