The German economy cooled in the second half of 2018. Lower GDP growth in China, uncertainty regarding global trade due to Brexit, Italian budget plans and punitive trade tariffs and, not least, the troubles of German car manufacturers regarding emission standards, left their marks on German industry. German GDP grew by 1.5% year-on-year after 2.5% growth the previous year. Private consumption and state consumption were the major drivers of the growth and private consumption remained a major pillar of the distribution sector. An increase in e-commerce sales of almost 10% in 2018 is expected.
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