IWH Summer Forecast 2019

Weak Foreign Demand – Economic Downturn in Germany

June 13, 2019

 

In the summer of 2019, uncertainty due to ongoing trade disputes weighs on the global economy. The export-oriented German economy is particularly affected. According to IWH summer economic forecast, gross domestic product is expected to increase by only 0.5% in 2019; the forecast for East Germany is 0.8%. The German labour market remains largely robust despite the economic downturn.

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