The German Institute for Economic Research, commonly known as DIW Berlin, revised their German economic growth forecasts for 2018 & 2019, citing a surprisingly weak start to the year and increasing uncertainty regarding the global economy.
Key points:
• GDP to grow 1.9% in 2018 (prior forecast 2.4%).
• GDP to grow 1.7% in 2019 (prior forecast 1.9%).
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