BERLIN | German government cuts growth forecast amid trade tensions

11Oct - by Editor - 0 - In STL.News



BERLIN — The German government has cut its forecast for the country’s economic growth this year to 1.8 percent from 2.3 percent, in part because of rising global trade tensions.

The government also trimmed its 2019 outlook for Europe‘s biggest economy on Thursday, saying that it now expects 1.8 percent growth rather than the 2.1 percent expansion it predicted in April. Last year, gross domestic product grew 2.2 percent, Germany’s strongest performance in six years.

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