Big boost for German GDP growth
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German Gross Domestic Product grew unexpectedly strongly in the second half of last year.
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Investor confidence in Germany, Europe s largest economy, unexpectedly rose in December for the first time in five months as a drop in oil prices blunted the effect of the euro s surge against the dollar.
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German consumer confidence has risen unexpectedly before Christmas, figures from researchers GfK show.
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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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Economic growth could reach 2.5 percent this year, a German minister said in remarks published Sunday, among the most optimistic forecasts yet for Europe's largest economy.
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Inflation in Germany, the eurozone's biggest economy, picked up this month as a result of increased tobacco taxes, key regional data showed.
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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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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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The German trade surplus has topped its highest level since unification in 1990 in October, propelled by surging exports.
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Consumer confidence in Germany, Europe s biggest economy, climbed to a six-month high as the winter holidays prompted shoppers to increase spending, the GfK market research company said.
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Germany's jobless figure rises above five million, with unemployment now at its highest level since the 1930s.
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BERLIN - German business sentiment improved unexpectedly in December after slumping sharply in November over concerns about high oil prices and worries that the strengthening euro could damage exports, a closely watched survey showed Friday.
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German investor confidence unexpectedly improves despite falling exports and signs of a global slowdown.
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After long being dismissed as the sick man of Europe, Germany is currently enjoying its strongest economic boom in 16 years, re-establishing the country's role as the main locomotive of growth in the 12-country eurozone.
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It&#39;s the fastest-growing economy in Europe, in the fifth year of a boom that has seen gross domestic product climb by over a third since 1999.
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Beijing raised its estimate of the 2006 growth rate from 10.7 percent to 11.1 percent, moving China closer to overtaking Germany as the worldâs third-largest economy.
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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.