The International Monetary Fund (IMF) has lowered its estimate for German GDP growth this year to 2.2% as rising protectionism and the threat of a hard the European Union threaten to hurt exports and investment. London and Brussels have thus far been unable to negotiate acceptable terms for Britain's departure from Brexit, while US President Donald Trump threatens to unleash a global trade war. However, the IMF revised up its forecast for German growth in 2019 to 2.1% from 2%.
The International Monetary Fund (IMF) has lowered its estimate for German GDP growth this year to 2.2% as rising protectionism and the threat of a hard Brexit threaten to hurt exports and investment. London and Brussels have thus far been unable to negotiate acceptable terms for Britain's departure from the European Union, while US President Donald Trump threatens to unleash a global trade war. However, the IMF revised up its forecast for German growth in 2019 to 2.1% from 2%.