German economy expected to expand 2.1 percent in 2018 – Bloomberg survey

The latest Bloomberg survey on the German economy reveals that the country’s economic growth rate for this year is now seen lower at 2.1 percent when compared to the previous survey.

Key Findings:

German economy expected to expand 2.1% in 2018.

The previous survey had 2018 growth at 2.3%.

2019 growth expected at 1.9% versus previous 2.0%.

2020 growth expected at 1.6% versus previous 1.5%.

Q2 GDP forecast at +0.5% q/q versus previous +0.6%.

Q3 GDP forecast at +0.5% q/q versus unchanged.

On Friday, the German central bank, Bundesbank, slashed Germany economic growth estimates for 2018.