The Federal government is corrected according to Reports, its growth forecast for the current year. The Federal Ministry of Economics count for 2019 with a growth rate of 1.0 percent, reports the Handelsblatt and der Spiegel, citing the so-called annual economic report. In its autumn forecast, the Federal government had assumed an increase of 1.8 percent.
reasons for the much lower expectations, according to the Reports, among other things, a weaker world economy and the uncertainty around the Britain to leave the EU. The following year, the economy is expected to grow again strongly: the Federal government is expected to 2020, with a growth rate of 1.6 percent.
The annual economic report to be presented next Wednesday. The Federal Ministry of economic Affairs was not initially be reached for comment.
The International monetary Fund (IMF) had already been corrected on Monday its forecasts. The Outlook for the world economy, the IMF lowered by 0.2 points to 3.5 percent. For Germany, the organization expects this year with a growth of the gross domestic product of 1.3 percent. For 2020, the IMF forecasts 1.6 percent.