BERLIN (Reuters) – A leading German economic institute on Wednesday raised its 2018 growth forecast for Europe’s largest economy to 2.4 percent, citing measures to reduce the financial burden on households planned by a new right-left coalition government.
The DIW institute’s forecast for this year matches the government’s own growth estimate. DIW also raised its 2019 growth prediction to 1.9 percent.
It said that trade barriers were the main risk for Germany, whose economy is export-oriented.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Source: Investing.com