Germany Lowers 2019 Growth Forecast To 0.5 Percent

Germany lowers 2019 growth forecast to 0.5 percent

The German government lowered its growth forecast for 2019 to 0.5 percent on Wednesday, halving their January prediction of 1.0 percent

Berlin, (UrduPoint / Pakistan Point News - 17th Apr, 2019 ) :The German government lowered its growth forecast for 2019 to 0.5 percent on Wednesday, halving their January prediction of 1.0 percent.

"Economic development in Germany has cooled off since the middle of last year," Economy Minister Peter Altmaier told journalists in Berlin, adding that "the current weakness of the German economy must be a wake-up call" to foster further growth.

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