Advisors to the German government lowered the forecast for GDP growth in 2019

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Advisors to the Federal Government worsened the forecast for German economic growth in 2019 to 0.8% from 1.6%. They predict that in 2020, GDP will grow by 1.3%. At the same time, experts do not expect a recession in the German economy, noting strong domestic demand. At the same time, among the risks to future growth, they mentioned the uncertainty surrounding the UK’s exit from the EU, the ongoing trade disputes, and the slowdown in China’s economic growth. Advisors believe that the European Central Bank missed the time to start rolling out incentive measures when an acceleration in economic recovery was noted. Now, in their opinion, in the event of a recession, it will be more difficult for the European regulator to find incentive measures.

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