Over the years, the German economy recorded significant growth. But the big Party is, according to economic researchers in the past. As expected, they lowered their forecast significantly. A reason for this: the Brexit-Chaos.
Against the Backdrop of a slowing world economy, leading economic researchers also put an end to the economic boom in Germany. The five leading institutes lowered their forecast for the current year from 1.9 percent to 0.8 percent. “The long upswing of the German economy is coming to an end,” says the Vice-President of the Institute for economic research Halle (IWH), Oliver repeated möller, to be published in community diagnostic. The risk of a pronounced recession, the authors find, however, so far, for low.
reason for the forecast reduction is, among other things, that the world economic conditions have deteriorated due to political risks. The Institute warned of a tough Brexit. A withdrawal of the UK from the EU without the agreement had become since the end of the forecast at the end of March”, although less likely but not excluded”.