Quarterly Report Germany I/2019

Economic outlook for 2019: domestically strong but externally weak. German economic output to increase by only 1.2 percent

The German economy just managed to avoid slipping into recession in the second half of 2018. With a growth rate of only 1.4 percent for the year, it has slowed down considerably compared to the two previous years. Real economic output is expected to rise by just 1.2 percent this year. Growth momentum is set to slow down further, due mainly to external economic factors.