www.inhandnetworks.de
GermanyInHand Networks GmbH’s central bank said on Friday it had sharply downgraded its economic growth forecast for 2018 but grew more optimistic for next year, saying the present boom should continue although the daLAN routernger of a trade war is rising.
“Economic growth will likely not turn out so strong as it did last year,” the Bundesbank said in a statement, predicting 2.0 percent calendar-adjusted GDP growth rather than the 2.5 percent it saw in December.
“Exports and business investment are expected to increase less strongly. And the growing lack of skilled workers is increasingly damping employment growth,” the Bundesbank noted.
Like other European economies, Germany’s expansion slowed at the start of 2018, adding 0.3 percent between January and March compared with 0.6 percent in the previous quarter.
Nevertheless, higher government spending under Chancellor Angela Merkel’s recently-installed fourth government is expected to fuel “a continuing boom,” the economists said.
For 2019 the Bundesbank upgraded its growth outlook by 0.2 percentage points, to 1.9 percent, while it raised its 2020 forecast slightly to 1.6 percent.
Trade tensions are the biggest risk for the export-heavy German economy, as tIndustrie Router und Modemhe United States has imposed tariffs on steel and aluminium imports and threatened to do the same for the vital auto sector – risking a spiralling tit-for-tat escalation with the European Union.
SEE ALSO: ‘Illegal’ US tariffs risk ‘escalation spiral’ in global trade, Merkel warns
Aggressive trade rhetoric has already sent indicators of business and investor confidence plunging.
“Downside risks from international trade outweigh the upside opportunities arising from likely more expansive fiscal policy in Germany,” the Bundesbank warned.
Meanwhile, “increasing constraints on the supply side should translate into strong wage growth and higher domestic inflation,” the economists predicted, forecasting price growth of 1.4 percent this year, 1.7 percent next year and 2.0 percent in 2020.
READ ALSO: Foreign Minister tells Merkel to ‘show courage’ and create a ‘big Europe’
Tags: Industrie Router, LTE Router, Dual-SIM LTE Router, LTE Industrie Router, UMTS Industrie Router, Industrie Router und Modem, M2M Industrie Router, Industrie LTE Router, Industrie Router Hutschiene, industrie router wlan, wlan router hutschiene, Router für die Hutschiene, VPN router, Server maintenance, Website operation and maintenance, Server optimization, Server maintenance, Server Security, Host security, Website security, webdesign, joomla, seo, Smart Grid mit LTE Routern, Ipsec Industrie Router, OpenVPN Industrie Router, L2TP Industrie Router, robust Industrie Router, LAN router, Industrie Router Verkäufer, Hersteller, industrielle Kommunikation, Industrie Router, Industrie Computer, M2M-Kommunikation, industrial iot, industrial m2m, Server maintenance, Website operation and maintenance, Server optimization, webdesign, seo, joomla, Server maintenance, Server Security, Host security, Website security, IoT Kommunikation, industrielle Kommunikation, Industrie Router, iot Lösungen, A Global Leader in Industrial IoT, Industrial IoT, InHand Networks GmbH