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German government said to be ‘very likely’ to cut 2019 GDP growth forecast to 0.5%

Reuters reports, citing German government sources

Says that Germany looks set to halve its 2019 GDP growth forecast next week to 0.5% from the current 1.0% forecast. Also adds that Germany’s economy minister, Peter Altmaier, expects the country to post economic growth of 1.5% in 2020.

This goes in tandem with a report overnight by the Spiegel here.
ForexLive

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