April 1, 2019 / 9:37 AM / a year ago

German economy will grow 0.7 percent this year if Brexit is disorderly: BDI

FILE PHOTO: Aerial view of containers at a loading terminal in the port of Hamburg, Germany August 1, 2018. REUTERS/Fabian Bimmer/File Photo

BERLIN (Reuters) - Germany’s economy would grow by 0.7 percent this year if Britain leaves the European Union in a disorderly manner, the Federation of German Industry (BDI) said on Monday, a gloomier view for Europe’s biggest economy than in the case of a ‘soft’ Brexit.

“The British economy faces a severe recession,” BDI president Dieter Kempf said in a statement. “A disorderly Brexit will shave at least half a percentage point off German growth this year.”

The BDI has until now forecast that the German economy would grow by 1.2 percent this year.

Reporting by Tassilo Hummel; Editing by Douglas Busvine

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