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Italy, trade worries bite into German growth forecast

Reuters  |  BERLIN 

By Michael Nienaber and Joseph NasrBERLIN (Reuters) - The DIW economic institute has slashed its growth forecast for Germany due to an unexpectedly weak start to 2018 and risks from abroad including concerns about Italy's new government and the escalating trade conflict with the United States.Italy's coalition government comprises anti-establishment parties with a brief to shake up EU institutions while U.S. President Donald Trump has threatened allies with hefty tariffs on car imports in addition to unilaterally imposed metal duties.The Berlin-based DIW think-tank said it cut its gross ...

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First Published: Wed, June 13 2018. 22:02 IST