The Federal government this year, only a low level of economic growth, expects the 2020 but with a further increase. This Federal Economics Minister, Peter Altmaier (CDU) said, when he presented in Berlin the current growth forecast of the Federal government.
Therefore, the experts of the coalition are only predicting growth of 0.5 percent for the current year – again, 0.5 percentage points less than the previous and already lowered estimate of 1.0 percent. In their autumn forecast, they were expected to even once of 1.8 percent.
Now you can reduce the number and justify this with the General loads for the local and international economy. Such as the trade disputes between the United States and China and between the US and the EU. Also, the uncertainty around the Brexit play a role, said in the forecast. Many companies in Europe are currently reluctant with further investments.
a 1.5 percent growth in the year 2020, predicts the Federal government
“The economic development in Germany has cooled since the middle of last year,” said Altmaier, and warned: “This weakness must be a Wake-up call.”
Nevertheless, the Minister is optimistic. “The good news is: We will overcome this weakness in perspective,” he said, referring to the “important forces in Germany”, all of them intact: The labor market and thus wages developed well, the construction industry will continue to grow and the consumer was developing “dynamically”. For 2020, the German government expects growth of 1.5 percent.