Data indicate German economic growth is below expected 0.8%

Comments by Klaus Wohlrabe, economist at Ifo

• The industrial sector pulls the economy down
• The national economy remains an important pillar of support
• The Brexit decision-making deadline did not help the German business climate

ForexLive

For some contexts, the forecast of 0.8% of which he speaks are those of Ifo. The German government itself is already considering economic growth at 0.5% this year. The sluggish result of the Ifo data previously suggests essentially that economic difficulties continue to blow heavily on the German economy in this early second quarter. The hopes of a strong economic rebound will have to wait a little longer.