The Bundesbank slashed its growth projections for Germany on Friday, saying industrial groups in the euro zone's biggest economy would suffer from weak demand through the rest of the year. The Bundesbank slashed its growth projections for Germany on Friday, saying industrial groups in the euro zone's biggest economy would suffer from weak demand through the rest of the year. "The German economy is currently experiencing a marked cooldown," the central bank said in a biannual update of its projections. "This is mainly due to the downturn in industry, where lacklustre export growth is taking a toll. Inflation this year is still expected at 1.4pc but given the weak growth, its rise will be much slower than earlier thought, the band said.

Source: Irish Independent June 07, 2019 07:06 UTC