business
Friday, February 13, 2015
The German economy is demonstrated impressive resilience to crises. The gross domestic product increased more than expected and the. Mainly because of the unbroken desire to buy the German
Driven by the desire to buy the consumer has the German economy its growth rate significantly accelerated the end of 2014 again. The gross domestic product (GDP) increased in the fourth quarter compared to the previous quarter to 0.7 percent, significantly more than expected, as the Federal Statistical Office () announced.
In a first estimate of the statisticians about one-quarter percent expected growth in the previous quarter. The strong increase, the economic situation after the sweeping start to the year and the slump in summer had stabilized at the end of the year, it said. Thanks to the surprisingly strong final quarter, the statistician corrected and the GDP growth for the full year slightly from 1.5 percent to 1.6 percent upward.
“economic doping by low oil prices”
The most important growth drivers were reportedly re-consumers. As statisticians informed rushed, households increased their spending the end of 2014 once again significantly. Another key contribution to growth came also from the investments. “In addition to equipment was particularly high investment levels in buildings than in the third quarter of 2014. Exports of goods and services rose According to preliminary calculations again vigorously,” Destatis said. . However, imports have increased in a similar order of magnitude
Alexander Krueger, chief economist of the Bank lamp, led the growth surprise “the economy doping by low oil prices, low euro and low interest rates” back “Without this drug would we just had a stable, no exuberant growth, “he said. Especially great optimism is misplaced with regard to the current year in his view, because the propensity to invest is fragile. “We have now indeed a de-escalation in Ukraine, but of a solution we are far away,” he pointed out.
“There is reason for optimism”
ING-Diba Carsten Brzeski -Chefvolkswirt sees the face of a statistical overhang of 0.5 per cent or less days off computationally good conditions for stronger economic growth. However, he also warns: “The great unknowns of 2015, the domestic investment While talking low interest rates and a strong cash position for increased investment, but can the uncertain future of the euro zone and continuing geopolitical tensions still act as a brake..”
More aboutAndreas Rees from Unicredit said: “This is a bang The economic recovery in Germany has started surprisingly early after the summer break some have spoken of recession, instead Germany is still.. once started strong. Optimistic makes especially that growth comes from the domestic market. Not only consumers spend because of falling oil prices, record employment and rising wages more. The companies are again willing to invest. The Russia-Ukraine-shock have company apparently digested. There is reason for optimism in 2015 “.
The French economy grew in the fourth quarter by 0.1 percent, which the forecasts about, while the Netherlands with up 0.5 per cent at the top end of expectations were. Evelyn Herrmann, an economist at BNP Paribas, expects Against this background and that the Euro area GDP grew by 0.4 percent. Erwartetet has so far been an increase of only 0.2 percent. Eurostat will publish the data at 11.00 clock.
Source: n-tv.de
Theme
No comments:
Post a Comment