Bundesbank slashes German 2019 GDP forecast to 0.6% vs. 1.6% previous.

In its latest projections of the German economy, the German central bank, the Bundesbank (Buba), slashed the 2019 growth outlook for Europe’s no. one economy.

Key Highlights:

2020 GDP forecast at 1.2% vs. 1.6% previous.

2019 inflation forecast kept unchanged at 1.4%.

2020 inflation forecast 1.5% vs. 1.8% previous.