Home Page
KPUA Program Schedule

Today's KPUA Program Schedule:
Click here for showtimes
& complete program lineup.


Hawaii News
National News
World News
Sports
Business
Strange Reports
Entertainment
 
San Francisco Giants
San Francisco 49ers
Oakland Raiders
University of Hawaii
 
KWXX
B-97
KPUA
1145 Kilauea Ave
Hilo, Hawaii 96720
PH: 808 935-5461
FAX: 808 935-7761
Hilo, Hawaii News, Sports, and Information
Apr 25, 6:45 AM EDT

Germany trims 2018 growth forecast, but outlook still strong

AP Photo
AP Photo/Markus Schreiber

Latest News
Germany sees skullcap protests against anti-Semitism

Germany trims 2018 growth forecast, but outlook still strong

German state orders crosses mounted at government buildings

Defense arguments start in German neo-Nazi murder trial

German business confidence falls amid trade tensions

Multimedia
Exhibit Honors Soviet Photographer
Multimedia
A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
Germany trims 2018 growth forecast, but outlook still strong

German business confidence falls amid trade tensions

Appeals court sides with states over fuel economy standards

The Latest: Eurozone survey points to solid economic growth

Eurozone interest rates could stay frozen well into 2019

Survey: Economists' outlook is sunny but not due to tax cuts

Board votes to double tuition at Puerto Rico university

UK pound drops as central bank chief tempers rate hike talk

UK inflation in surprise fall, raises doubts over rate hike

IMF: A major trade rift could imperil solid global economy

Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt
Interactive
Berlin Wall: 20 Years Later

BERLIN (AP) -- The German government trimmed its economic growth forecast for this year to 2.3 percent on Wednesday, though it said the outlook remains good and is predicting that growth next year will be almost as strong.

The new forecast is slightly lower than the government's prediction in January of 2.4 percent growth in 2018. For 2019, officials are forecasting that gross domestic product will expand by 2.1 percent.

That is in line with last year's growth of 2.2 percent, the strongest in six years. Economy Minister Peter Altmaier said that the economy, Europe's biggest, is in a "robust state" and the new forecast is "in a very realistic corridor."

However, he voiced concern about developments in international trade relations and noted that Germany is a major exporter.

The European Union is seeking a continued exemption from new tariffs imposed by U.S. President Donald Trump on steel and aluminum imports.

Altmaier said that while German steel and aluminum exports to the U.S. aren't a huge factor in themselves, his concern is more general - that "such a trade dispute could escalate, and so we would do well to avoid the escalation."

On top of the concerns over trade, data on German factory orders and trade for the first two months of this year have been disappointing. However, many economists argue that talk of a slowdown is premature.

Economic indicators "are in no way pointing to a downturn," Altmaier said. "I think any growth in the region of 2 percent or above is exceptionally good growth, if you compare it with the history of the last 10-15 years in Germany."

© 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.