Brexit, trade conflicts to slow German growth in 2019: ministry

BERLIN (Reuters) – Headwinds from trade disputes and Brexit will further slow the German economy, Europe’s largest, this year after it expanded at the slowest rate in five years in 2018, the Economy Ministry said on Wednesday.

The economy will grow by 1.0 percent this year, slowing from 1.5 percent in 2018, the ministry said, confirming a slashed 2019 projection reported by Reuters last week.

“The German economy is on a growth path again this year, the tenth in a row,” Economy Minister Peter Altmaier said in a statement.”

“But headwinds, mainly from the international environment, are increasing – the key points being: Brexit, trade conflicts, the international tax environment.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

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.