BERLIN (Reuters) – Britain’s impending departure from the European Union poses a big risk, but domestic demand is still fueling growth in the German economy, Europe’s largest, Economy Minister Peter Altmaier said in an interview published on Thursday.
Altmaier said Brexit, global trade conflicts and changes in automotive industry approvals had slowed economic growth in the second half of 2018, but Germany’s gross domestic product still looked set to enter its tenth year of expansion in 2019.
Order - Books - Industry - Trades - Altmaier
“The order books of industry and the trades are full,” Altmaier told the Passauer Neue Presse newspaper. “The chances are good that economic growth will continue for a tenth consecutive year,” the longest period of continuous growth since the 1960s.
The German government last month cut its economic growth forecast for 2018 to around 1.5 to 1.6 percent from 1.8 percent.
Economy - Gear - Brexit - Trade - Conflicts
The German economy has shifted into a lower gear as Brexit and trade conflicts sparked by U.S. President Donald Trump’s “America First” policies...
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