Latest survey reveals a downgrade in German growth forecasts - Bloomberg

The latest Bloomberg survey of economists on the German economic outlook revealed a downgrade in the growth forecasts for the Euro-zone's largest economy.

Key highlights:

   •  Q2 GDP forecast seen at +0.4% q/q (previously +0.5%)
   •  Q2 GDP forecast seen at +2.1% y/y (previously +2.2%)
   •  Q3 GDP forecast seen at +1.8% y/y (previously +2.0%)
   •  Q4 GDP forecast seen at +1.7% y/y (previously +1.9%)

   •  2018 growth seen at +2.0% y/y (previously +2.1%)
   •  2019 growth seen at +1.9% y/y (unchanged)
   •  2020 growth seen at +1.6% y/y (unchanged)