Germany’s DIHK sees 2020 GDP growth at 0.7% vs. 0.5% previous

While presenting the German DIHK Chambers of Industry and Commerce latest business sentiment survey among more than 26,000 firms, the German body cites that it sees 2020 GDP growth at 0.7% amid sluggish conditions.

Key quotes:

Export growth will be stagnant this year in the wake of trade conflicts and Brexit

More companies still expect business to be worse rather than better this year although investment sentiment is slightly better than it was from the October survey.