Sunny outlook for German economy unclouded by VAT hike
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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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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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German finance professionals grew less pessimistic about the country&#39;s economic growth outlook, but remain concerned that the euro&#39;s record highs against the US dollar will weigh on exports, a monthly survey showed Tuesday.
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Germany&#39;s leading economic institutes on Tuesday raised their growth forecast for the country this year to 1.8 percent, but predicted that the recovery in Europe&#39;s largest economy would slow next year amid slowing export growth and high oil prices.
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Business confidence in Germany is at a 15-year high although economic growth slows in the third quarter.
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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 ...
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Business confidence in Germany, Europe&#39;s largest economy, probably declined to a four-month low in October amid signs that both export orders and consumer spending are slowing, a survey of economists showed.
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Retail sales in Germany fell slightly in October, again confounding analysts' expectations on the assumption that consumers would make big-ticket purchases before a rise in sales tax (VAT) next year.
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A new survey showed that investor confidence is picking up in Germany, as improved retail confidence and a stabilisation in both oil prices and the euro help fuel burgeoning optimism in the eurozone's biggest economy at the beginning of the new year.
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Germany said on Tuesday budget  consolidation and higher national savings in the United States  and more Asian exchange rate flexibility were among measures  that would help avoid a disorderly unwinding of global  imbalances.
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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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Business confidence in Germany slipped again in February, hit by the temporary dampening effects of an increase in VAT sales tax.
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Inflation in Germany, the eurozone's biggest economy, looked set to pick up this month as a result of a renewed surge in high oil prices, key regional data 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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The looming VAT hike and high oil prices have sent German investor confidence to a five-year low, a survey suggests.
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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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Business leaders in Germany appeared wary about the outlook for the eurozone's biggest economy, as the German government insisted that the current recovery would continue, even if surging oil prices would brake growth slightly.