Rough waters ahead for the German economy

Outlook to a difficult 2nd half-year 2019

Current indicators for economic development are negative. In addition to other institutions, the German Bundesbank, the IMF and the ifo Institute, among others, revised their growth forecasts for 2019 downwards. This is triggered by numerous areas of conflict that are causing increasing uncertainty.

Our current industry snapshot highlights the reasons for an expected downturn in the further course of 2019 and gives an outlook on 2020.