Germany’s leading industry groups said on Wednesday that Britain’s departure from the European Union and trade disputes triggered by US President Donald Trump’s ‘America First’ policies were posing the biggest risks to growth and prosperity.
The German economy, Europe’s largest, is expected to post its weakest growth rate in many years in 2018 as exporters are facing headwinds from abroad. But vibrant domestic demand means many companies are still able to expand business.
In a survey conducted by Reuters, the heads of Germany’s leading industry associations said they did not see the economy entering a recession and that most forecasts were predicting a solid growth rate of around 1.5 percent for 2019.
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