German economy hitches a ride on coat-tails of global recovery
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The German economy chalked up its strongest performance in four years last year, thanks almost exclusively to booming global demand for German-made goods, official data showed.
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The German economy, which grew strongly earlier this year on the back of robust exports, will see a slowdown in growth in 2005 as a result of runaway oil prices and a tailing off of foreign demand for German-made goods, top research institutes warned.
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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.
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Germany's hesitant recovery slowed in the third quarter as exports slipped, with the economy growing by just 0.1 percent from the previous three months, according to government figures released Thursday.
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Germany has again lowered its 2008 economic growth forecast and hatched a plan to fend off a possible global recession, Der Spiegel magazine reported in its issue to be released Monday.
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German gross domestic product grew unexpectedly strongly in the second half of last year.
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Germany, with its high costs and reluctant consumers, has become a drag on the country's two largest carmakers, DaimlerChrysler and Volkswagen.
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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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BERLIN  - Germany experienced the strongest growth in four years in 2004, but weak consumer spending continued to hamper Europe's largest economy, the government statistics office said Thursday.
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BERLIN  - The German economy slowed unexpectedly in the fourth quarter of 2004, contracting by 0.2 per cent as domestic demand shrank and outweighed increased exports, the government statistics office said Tuesday.
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The German economy, the biggest in the 12-country eurozone, nearly came to a standstill in the third quarter as exports, previously the main driving force behind growth, slumped on the back of slowing global growth, official figures showed.
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The German economy, the biggest in Europe, beat all growth expectations in 2006, on surprising performance in the fourth quarter, official data showed.
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Germany's economy, the largest in Europe, will grow more slowly than expected both this year and next, two top research institutes said Thursday.
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Germany s economy, Europe s largest, grew at the slowest pace in more than a year in the third quarter as exports declined and an increase in domestic demand failed to make up the difference.
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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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Business confidence in Germany, Europe&#39;s largest economy, fell to its lowest level in more than a year in November as the euro&#39;s climb to a record high against the dollar threatened exports and unemployment at a five-year high crimped consumer spending
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Clouds continued to gather over the German economy on Monday, as the Bundesbank estimated that the modest recovery of the eurozone's biggest economy already appears to be running out steam.