The German government lowered forecasts for German GDP growth for 2018 and 2019


The German government worsened the country's GDP growth forecast for 2018 to 1.8% from the previously expected 2.3%. For 2019, the forecast has also been lowered to 1.8% from 2.1%. The German economy ended 2017 with an economic growth of 2.2%. The German Minister of Economy, Peter Altmaier, expects that in 2019, GDP will continue to grow and mark the 10th year of continuous growth, the longest recovery period since 1966. Domestic demand will continue to support growth. The strengthening of protectionist tendencies and trade conflicts in the world are among the risks, according to the minister. The government expects that in 2018, German exports will slow growth to 2.8% from 4.6% a year earlier, and next year its growth will accelerate to 3.7%.

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