April 24, 2019 / 8:33 AM / a month ago

Brexit delay has not helped German business climate - Ifo economist

BERLIN (Reuters) - A dip in German business morale in April points to economic growth in Europe’s largest economy being weaker than 0.8 percent this year, Ifo economist Klaus Wohlrabe said on Wednesday.

The industrial sector is dragging down the economy, he said, adding that a delay to a decision on Britain’s departure from the European Union had not helped German business morale.

Germany’s domestic economy remained an important pillar of support, he said.

Writing by Paul Carrel; Editing by Michelle Martin

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