Tags: EU | Germany | Economy

Germany Trims 2018 Growth Forecast, but Outlook Still Strong

Germany Trims 2018 Growth Forecast, but Outlook Still Strong

Wednesday, 25 April 2018 06:38 AM

BERLIN (AP) — The German government has trimmed its economic growth forecast this year to 2.3 percent, though it says the outlook remains good and is predicting that growth next year will be almost as strong.

The forecast presented Wednesday is slightly lower than the government's prediction in January of 2.4 percent growth in 2018. For 2019, officials are forecasting that gross domestic product will expand by 2.1 percent.

That is in line with last year's growth of 2.2 percent, the strongest in six years. Economy Minister Peter Altmaier said that the economy, Europe's biggest, is in a "robust state" and the new forecast is in "in a very realistic corridor."

However, he voiced concern about developments in international trade relations and noted that Germany is a major exporter.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
GlobalTalk
The German government has trimmed its economic growth forecast this year to 2.3 percent, though it says the outlook remains good and is predicting that growth next year will be almost as strong.The forecast presented Wednesday is slightly lower than the government's...
EU,Germany,Economy
128
2018-38-25
Wednesday, 25 April 2018 06:38 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved