Germany’s Outlook for 2018 and 2019 Boosted by Domestic Demand

A strong domestic demand will push the increase of German growth by 1.8 percent for 2018 and the year after, according to the economy ministry on Thursday. Other than that, the net trade will not have an impact on the biggest economy in Europe.

The economic growth outlook of Germany is dimmed by the protectionist tendencies and international trade war. Other than that, Berlin also aims to impose quickly the EU-US tariffs which were agreed on earlier this year and sims to settle the transatlantic trade conflict.

The revised forecast from the government based on the report by Reuters on Wednesday, suggests the rising global trade dispute as the major contributing risk factor in the future.