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Germany: IFO cuts 2018 growth estimates, from 2.6% to 1.8%
Data for 2019 were also revised downwards
19 June, 12:13
(ANSA) - BERLIN - IFO institute has strongly downgraded
Germany's economic growth forecast for the current year, from
2.6% to 1.8%. As for the next year, estimates were also cut from
2.1% to 1.8%.
''The economy has clearly performed worse than expected and the risk factors have definitely increased'', said the report released by the Munich-based institute. The DIW institute and the Bundesbank also cut growth forecast in recent days. (ANSA).
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''The economy has clearly performed worse than expected and the risk factors have definitely increased'', said the report released by the Munich-based institute. The DIW institute and the Bundesbank also cut growth forecast in recent days. (ANSA).
