• Brexit is burden for German industry - Ifo economist

Market news

25 March 2019

Brexit is burden for German industry - Ifo economist

Britain's expected departure from the European Union is a burden for German industry in particular, an economist at the Ifo institute said, adding that the global economy was not providing any support.

"Brexit uncertainty is particularly hitting the industrial sector. The other sectors don't appear to be affected," Ifo economist Klaus Wohlrabe said.

He said Ifo's survey supported its forecast that the German economy would grow by 0.6 percent in 2019.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.