Germany revises 2019 GDP growth forecast to 1 percent - Handelsblatt

A construction site is pictured near the Hauptbahnhof main train station in Berlin, Germany, July 11, 2018. REUTERS/Fabrizio Bensch - Copyright FABRIZIO BENSCH(Reuters)

By Reuters

Published on 24/01/2019 - 19:04•Updated 23/04/2024 - 09:46

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BERLIN (Reuters) - The German government has dropped its economic growth forecast for 2019 to 1.0 percent from 1.8 percent due to slower global economic growth and uncertainty about Britain's exit from the European Union, the Handelsblatt newspaper reported Thursday.

The newspaper said the ministry's new forecast, to be publicly released on Wednesday, calls for a recovery in 2020, when Germany's gross domestic product (GDP) is expected to expand by 1.6 percent.