International Monetary Fund (IMF) today lowered its forecast for German GDP growth for 2018 to 2.2%, pointing out that protectionism and the threat of Brexit have put Europe's biggest economy at risk in the short term.
The IMF forecast for the German economy to grow by 2.5% in 2018 previously, but it raised its forecast for 2019 to 2.1% from 2%.
Trump earlier announced tariffs on a wide range of US imports threatening to launch a global trade war, and there is still disagreement about the conditions for Brexit.
International Monetary Fund welcomed the plans of the new coalition government of German Chancellor Angela Merkel to increase public investment and support long-term growth, but it is waiting for more from the German government.
