Market comment - German government revises 2019 GDP forecast to just 0.5%

Davy Research
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Equity markets were flat yesterday (April 17th) despite positive news on the Chinese economy. Meanwhile, UK CPI inflation remained at 1.9%, staying below the Bank of England’s 2% target for a third consecutive month. Finally, ahead of this morning’s PMI surveys for April, the German government cut its forecast for GDP growth to just 0.5% in 2019, hurt by weak exports and manufacturing.