Germany's DIHK slashes 2018 growth forecast to 2.2 percent - Reuters

According to Reuters, Germany’s Chambers of Industry and Commerce (DIHK) on Wednesday slashed its 2018 growth forecast for the German economy to 2.2 percent from 2.7 percent last.

Key Details:

“The DIHK’s early summer sentiment survey, for which it polled around 24,000 companies, showed that business morale regarding current conditions eased slightly from the start of the year but was still at the second highest level in 25 years.

Just over half - 51 percent - of companies reported good business morale, down from 54 percent at the beginning of the year while 43 percent said things were satisfactory and 6 percent said things were bad.”