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Europe & Russia Economic overview

January 2019

Economic growth has weakened in major European markets, and political unrest is dampening the outlook for future expansion.

A slowdown in Germany’s economy last year reduced its GDP growth to the lowest rate since 2013. The country’s GDP is estimated to have grown by just 1.5% in 2018, according to official figures. The pace of growth slowed during the year, with the economy expanding by 2% in Q1 and just 1.2% in Q3. Germany was hit by weaker economic growth globally as well as poor performance...