German economic recovery runs out of steam
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The modest recovery of the German economy ran out of steam in the third quarter, official data showed, as exports, previously the main driving force behind growth of the eurozone's biggest economy, slumped on the back of the global economic slowdown.
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German business confidence is tumbling amid mounting fears about the impact of the euro&#39;s rise against the dollar, according to the closely-watched Ifo economic institute survey.
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Germany has slashed its public deficit to 1.7 percent of output in 2006 -- much lower than originally estimated -- thanks to the booming economy, official data showed on Thursday.
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The German economy slowed in the final three months of 2007 after price rises led shoppers to cut spending
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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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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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Germany's economy expands just 0.1% in the third quarter as weak exports offset a growth in domestic demand.
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The German economy slowed unexpectedly in the fourth quarter of 2004, contracting by 0.2 percent as domestic demand shrank and outweighed increased exports, the government statistics office said Tuesday.
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High oil prices dealt Germany&#39;s economy an unexpectedly severe blow in the third quarter, data showed on Thursday, leading economists to trim their growth forecasts for the 12-nation euro zone.
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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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With jobs scarce, the economy stagnant and cherished social programs chopped, a surprising number of Germans have reached the same conclusion: that 15 years after the fall of the Berlin Wall became an ...
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Unemployment in Germany tumbled to its lowest level in 14 years this month, as the current boom in the eurozone&#39;s biggest economy pushes up demand for labour to all-time highs, data showed on Thursday.
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Germany's economy, Europe's largest, expanded at the slowest pace in more than a year in the third quarter as increased investment in machinery failed to offset a drop in exports and consumers' reluctance to ...
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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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Business confidence in Germany, Europe&#39;s biggest economy, stagnated in October as oil prices rose to a record and job cuts at companies including General Motors Corp.
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Germany's monthly jobless rate for September reaches its lowest level for more than 14 years.
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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.