German public deficit balloons in first half
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Germany's public deficit amounted to 4.0 percent of gross domestic product in the first six months of the current year, well above the EU limit of 3.0 percent, official data showed.
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The German government has unveiled a series of measures aimed at bringing the country&#39;s public deficit back below the eurozone&#39;s 3% of GDP limit in 2005.
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The federal budget deficit inched up in the first quarter of the fiscal year, congressional budget estimators said Monday, as the growth in tax revenues slowed along with the softening economy.
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German economic growth picks up but analysts doubt the recovery is sustainable.
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Surging oil prices and the runaway strength of the euro, currently at an all-time high around 1.32 dollars, are undermining industrial confidence in Germany, a key survey showed.
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German business confidence posted a surprise gain in January, a key survey showed Thursday, amid worries that the US economy was heading into a recession.
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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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Romania's consolidated budget deficit over the first eight months inched up to 0.2% of the country's GDP, amid increased budgetary expenditure, a Finance Ministry pres release showed.
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German economic data released Wednesday painted a mixed picture of the health of Europe's biggest economy, with analysts predicting a slowdown but of unknown proportions.
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Inflation has jumped in four key German regions, anticipating a overall surge of prices in the eurozone&#39;s biggest economy, according to figures released Thursday.
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Germany raised its forecast for this year&#39;s budget deficit, saying declining tax income and increased spending on the unemployed will push the shortfall further beyond European Union limits for a third straight year.
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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, the biggest in the 12-country eurozone, is currently in party mood, with business confidence at its highest level since unification 16 years ago.
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German inflation looks set to slow slightly this month, regional consumer price data showed on Friday.
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German retail sales took an unexpected tumble in November, denting hopes for a noticeable pick-up in consumer spending in the eurozone's biggest economy, where chronically weak domestic demand remains the main ...
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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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The German economy, the biggest in the 12-country eurozone, will grow by 2.0 to 2.5 percent this year -- a faster rate than originally forecast, Economy Minister Michael Glos has said.