German minister bullish on growth
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Germany's economy minister gives an upbeat assessment of the economy, forecasting growth of up 2.5%.
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German business confidence slipped for a fourth month in five in September, suggesting rising oil prices and stagnant consumer spending may hold back the pace of growth in Europe s biggest economy.
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The German government on Monday sold shares worth â¬1.6 billion, or $2.14 billion, in Deutsche Telekom to the state-owned development bank KfW Group as the finance minister, Hans Eichel, strove to rein in the budget deficit.
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Germany&#39;s leading economic institutes on Tuesday raised their growth forecast for the country this year to 1.8 percent, but predicted that the recovery in Europe&#39;s largest economy would slow next year amid slowing export growth and high oil prices.
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German politicians, responding to what they saw as France's successful championing of domestic companies, began advocating deeper interference in business affairs a year ago as a way to protect German jobs.
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Germany's gross domestic product (GDP) grew by 1.7 percent in 2004 after three years of stagnation, the Federal Statistic Office announced Thursday.
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German Finance Minister Eichel called for the euro&#39;s &quot;brutal&quot; rise versus the dollar to be put on the agenda of the summit of G20 countries in Berlin this weekend amid concerns the greenback&#39;s slide could hit EU growth.
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BERLIN  - Germany's leading economic institutes on Tuesday raised their growth forecast for the country this year to 1.8 per cent, but predicted that the recovery in Europe's largest economy would slow next year amid slowing export growth and high oil prices.
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The number of people looking for work in Germany could rise above the politically critical five million mark this year, Economy and Labour Minister Wolfgang Clement said.
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Germany's leading economists Tuesday raised their growth forecast for the country to 1.8 percent for this year, but predicted that lower export growth and high oil prices will slow the just-begun recovery next year.
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German Gross Domestic Product grew unexpectedly strongly in the second half of last year.
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The German government is reportedly pondering investing capital in the aerospace and defence group EADS to maintain German influence in the European manufacturer.
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The current party mood that has taken hold of Germany in the wake of the World Cup soccer championship will not be sufficient to give a lasting boost to the eurozone&#039;s biggest economy, Bundesbank President Axel Weber has said.
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The German government is counting on job market reforms to lower unemployment in 2005, while predicting growth of at least 1.5 percent of gross domestic product (GDP), according to a draft report quoted by the Welt am Sonntag newspaper.
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Germany's economy minister said the government must lower its 2008 economic growth forecast, according to an interview released Wednesday.
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The German economy grew by 2.5 percent last year, provisional figures released on Tuesday by the national statistics office Destatis showed.
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The German government has said surging oil prices are on track to cut economic growth by about 0.25% this year.