German chamber of commerce revises GDP forecast lower

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 22, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - German DIHK Chamber of Commerce revised its 2015 GDP forecast lower to 1.7% from 1.8%.

    Key Quotes

    Exports growth forecast for 2015 lowered to 5% from 6%. 2016 export growth seen at 3.5%

    Business expectations for the coming months are weaker

    German industry cautious due to worries about lack of foreign demand
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