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German Economy Expected to Grow at the Slowest Pace in Six Years

  • Economy to grow 1.0% compared with 1.8% October prediction
  • Employment to rise to record level in 10th year of expansion
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German economic growth is set to weaken to the slowest pace in six years in 2019, held back by a deteriorating environment for global commerce hobbled by worries about trade disputes and Brexit.

After expanding 1.5 percent in 2018, Europe’s biggest economy will likely grow 1.0 percent this year, almost half the 1.8 percent pace forecast as recently as October and the weakest since 2013, the Economy Ministry said Wednesday. Nonetheless, a 10th consecutive year of expansion will see the unemployment rate decline to a record low of 4.9 percent and the ranks of the employed swell to an unprecedented 45.2 million people.