German economic growth forecasts slashed over trade war fearsStaff Writer | June 19, 2018
Germany's economy is expected to grow more slowly in the coming years due to the risks around a euro crisis sparked by Italy and a potential trade war with the U.S.
Germany The global economic risks have risen significantly
For 2019, the Ifo cut its forecast to 1.8% from 2.1%.
"The economy developed significantly more weakly than anticipated in the first few months of the year," Ifo economist Timo Wollmershaeuser said.
"The global economic risks have risen significantly," he added. ■