German Growth Is Stable
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Germany's economy is back on a stable path of growth after three years in stagnation and is not immediately threatened by the surge in oil prices, Chancellor Gerhard Schroeder said Wednesday.
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German firms are happy with the current economic climate, but less confident about the future, a survey says.
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German investor confidence unexpectedly improves despite falling exports and signs of a global slowdown.
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The German economic outlook has rarely looked sunnier, with sky-high business confidence and growth strong enough to shrug off a sharp rise in sales tax early this year, data showed on Thursday.
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The German economy, the biggest in the 12-country eurozone, was teetering on the edge of its third recession in just four years at the end of 2004, but the outlook for this year is brighter with investor confidence on the rise, data showed.
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Variety - BERLIN -- German box-office revenue grew by 1.4% to E420 million (&#36;518 million) in the first six months of the year.
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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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German Gross Domestic Product grew unexpectedly strongly in the second half of last year.
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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 professionals grew less pessimistic about the country's economic growth outlook, but remain concerned that the euro's record highs against the U.S. dollar will weigh on exports, a monthly survey showed Tuesday.
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Germany's trade surplus grows again in July as exports hold near historical highs, official figures show.
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A survey of regional economic differences by the Credit Suisse Group shows that growth in French-speaking Switzerland is keeping pace with the rest of the country.
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German business confidence appeared to stabilise somewhat in September, with the widely watched Ifo business climate index slipping only fractionally this month, the Ifo economic research institute 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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The Bundesbank is forecasting growth of 1.2 - 1.3 percent for the German economy next year, much less than the government's official forecast of 1.7 percent.
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The German economy -- the biggest in the 12-country eurozone -- continued to tread water in the fourth quarter, notching up growth that was only fractionaly higher than in the preceding three months, the Bundesbank estimated.
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Germany&#39;s economy is still on the mend despite an unexpectedly sharp slowdown in growth over the summer, the country&#39;s central bank said Monday, predicting that exports would rise in the fourth quarter.