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The German government reduced the prediction of economic growth

Berlin reduced its economic growth from 4.9 percent to 4.9 percent, and a government report cited the main reason for the decline in the government's collapse last November.

reports Mehr News Agency , the German government on Wednesday announced the forecast of 4.9 percent of the year, with less than 2.5 percent forecast last October. Forecasting of economic growth is the result of US President Donald Trump’s return to the White House and Federal Elections next year.

Why forecast change

Based on A report from the German Ministry of Economy that Germany’s poor economic performance after two years The recession will continue until this year.

Robert Hobak Minister of Economy at a press conference in Berlin said Germany has stagnated in the recession. . The report said that revision of the growth of “mainly due to” the fall of the government in November was the disruption of the measures taken to encourage growth.

Coalition Government Olaf Schultz in November, after his social democrats and the Greens with his coalition partner, the Party Neoliberal Free Democrats clashed over budget disputes.

While Europe’s largest economy is waiting for the new government after the February 7 election, policy The future economy is still unclear.

The report also says that a decline in rankings due to a significant increase in business risks, in the wake of US President Donald Trump’s return to White House, and possible changes in US policy. He can apply.

Meanwhile, the results of the poll by the Union Investment Fund showed that 5 % of respondents expected the financial situation to remain constant in the next six months, while 5 % believed That will improve.

 

© Webangah News Hub has translated this news from the source of Mehr News Agency
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