The German Economy Ministry lowered growth forecast for this year today. For 2018, GDP is now projected to grow 2.3%, downgraded from January forecast of 2.4%. For 2019, growth is projected to be at 2.1%.
Economy Minister Peter Altmaier said that the German economy s in a “robust state”, “remains buoyant and the upturn is continuing.” Also, while recent economic data have been disappointing, Altmaier said they “”are in no way pointing to a downturn.” He added that “any growth in the region of 2 percent or above is exceptionally good growth, if you compare it with the history of the last 10-15 years in Germany.”
