jennifer mckeown. thanks for joining us.e of the big issues there, but is there anything going on within germany itself? are consumers more restrained? is there a more downbeat national forecast before we look at the wider picture? so far, the general domestic economy has held up relatively well and retail sales figures say consumers are still spending that the real risk is that germany is an export —dependent economy and it is quite possible that as manufacturing continues to suffer that employment suffers as well and once that happens it will pass through to the domestic economy and consumer spending. just to tell us and consumer spending. just to tell us what is ahead, we are waiting on news today from some of the top predictors in the german economy to say what they are projection is for the year ahead and it's expected to be reduced a lot. i think it is pretty clear it has to be. the previous projection was something like 2% and now we expect 0.5%. growth for germany in 2019? yes. that is a smidgen. yes, it's nothing li