Germany’s central bank, the Deutsche Bundesbank, has today lifted its growth forecast for the economy. The German economy, which is Europe’s largest, is expected to grow by 3% this year – much higher than its previous forecast of 1.9%. “More than half the decline in production triggered by...
Posted to
Finance
on 08-19-2010
Filed under: All Financial News, Economy News, forecast, central bank, Germany, exports, Deutsche Bundesbank
The Zew economic sentiment index has revealed German analyst and investor confidence plunged in August, new data has revealed today. The index, which measures expectations of economic activity over the next six months, fell from 21.2 in July to 14 in August – the lowest level since April last year...
Posted to
Finance
on 08-17-2010
Filed under: All Financial News, Economy News, fall, Germany, exports, growth, confidence, second quarter, Zew, August, economic sentiment index
Europe’s largest economy appears to be optimistic after its recent quarterly growth figures, suggesting it is now hoping for 3% growth in 2010. Last week, Germany’s statistics office Destatis, revealed the economy grew by a record 2.2% in the second quarter – the fastest quarterly growth in 20 years...
Posted to
Finance
on 08-15-2010
Filed under: All Financial News, Economy News, forecast, Germany, exports, growth, 2010, Economy Ministry, double
The EU statistics agency Eurostat has revealed the euro zone economy grew by 1% in the April to June period – boosted by its largest economy – Germany. Economic growth in the 16 nations that use the euro beat expectations, and followed growth of 0.2% in the first quarter and exceeded forecasts...
Posted to
Finance
on 08-15-2010
Filed under: All Financial News, euro zone, Economy News, Germany, exports, growth, expectations, boost, recovery, exceed, second quarter, debt crisis